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$VELVET (1h) - Breakout Reclaim
Bias: Long
Entry (Zone): 0.4400 - 0.4520
Targets:
TP1: 0.4750
TP2: 0.5050
TP3: 0.5450
Stop Loss: 0.4180
Why this Setup:
I see VELVET holding above the recent base and trying to reclaim the 0.45 area after a prolonged pullback. I want a continuation move if price keeps building higher lows and breaks through nearby resistance with momentum.