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$VELVET (1h) - Range Bounce
Bias: Long
Entry (Zone): 0.4680 - 0.4735
Targets:
TP1: 0.4920
TP2: 0.5115
TP3: 0.5260
Stop Loss: 0.4420
Why this Setup:
I still see a constructive range holding above recent support, and I want to buy the dip near the mid-range where buyers have stepped in before. I’m looking for a bounce back toward the prior highs, with invalidation below the recent swing low.