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$VELVET | 1h | Oversold Reversal Long
Bias: Long
Entry Zone: 0.3350 to 0.3520
Stop Loss: 0.2980
Targets:
TP1: 0.3880
TP2: 0.4280
TP3: 0.4700
Invalidation:
Close below 0.2980
Why This Setup:
I’m leaning long because price has flushed into the lower range after a sharp selloff and is now showing signs of holding a base around current support. I want a bounce back into the prior breakdown area first, then a retest of the mid-range resistance if momentum returns.
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