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$VELVET (1h) - Continuation Long
Bias: Long
Entry (Zone): 0.5250 - 0.5400
Targets:
TP1: 0.5620
TP2: 0.5860
TP3: 0.6200
Stop Loss: 0.4920
Why this Setup:
I’m treating this as a continuation long after the impulsive breakout, with price holding above the prior breakout base and printing strong momentum candles. I want dips into the breakout area for a cleaner entry, and as long as buyers defend that zone, I expect continuation into the next liquidity levels above.