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$VELVET $VELVETUSDT (1h) - Oversold Bounce Long
Bias: Long
Entry (Zone): 0.3320 - 0.3380
Targets:
TP1: 0.3520
TP2: 0.3660
TP3: 0.3840
Stop Loss: 0.3180
Why this Setup:
I’m looking for a mean-reversion bounce after the sharp selloff, with price basing near support and showing signs of stabilization. I want to buy the dip into the current range and target a recovery back toward the prior reaction highs if momentum returns.