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$VELVET Long 50x – Buyers are finally gaining traction here.
VELVET is currently holding the 0.47250–0.47710 zone. I just entered a Long 50x Isolated position right at this level.
Trade Plan:
- Entry: 0.47250 – 0.47710
- TP1: 0.49170 (R:R 1:0.8)
- TP2: 0.50300 (R:R 1:1.3)
- TP3: 0.51990 (R:R 1:2.0)
- SL: 0.45230
Why this setup?
- The 4h structure remains bullish, with daily context supporting upside as price reacts from 0.47250–0.47710 near 0.47480.
- The 15m RSI reads 44, indicating neutral momentum that still allows room for further upside.
- 15m volume is at 0.93x, with 424.40K traded versus 457.61K expected, confirming real buy-side participation.
My call. Your execution.
Trade here 👇 and Comment the next chart you want me to break down.
#GateStocks7x24Trading