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$VELVET | 1H | Breakout Retest Setup
Bias: Long
Entry Zone: 0.40 to 0.43
Stop Loss: 0.35
Targets:
TP1: 0.46
TP2: 0.52
TP3: 0.60
Invalidation:
Close below 0.35
Why This Setup:
I see VELVET reclaiming the 0.40 area after a long base, with price repeatedly defending the same support and printing higher lows on the recent bounce. I want continuation if it can break and hold above the 0.46 rejection zone, as that opens room for a move back toward the next liquidity bands.
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