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$VELVET | 1H | Range Reclaim Long
Bias: Long
Entry Zone: 0.4690 to 0.4745
Stop Loss: 0.4420
Targets:
TP1: 0.4950
TP2: 0.5120
TP3: 0.5330
Invalidation:
Close below 0.4420
Why This Setup:
I’m looking for a long off the current consolidation after the strong impulse leg held above the 0.44 area. Price is compressing near range support, and a reclaim through 0.475 gives me a clean path back toward the recent swing highs and liquidity above 0.52.