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$VELVET – Reversal structure forming above local support with upside targets aligned higher
Trade Setup: Long $VELVET
• Entry Zone: 0.520 – 0.525
• Target 1: 0.650
• Target 2: 0.760
• Target 3: 0.880
• Stop Loss: 0.133
Price action is holding above local support following a strong rebound and is forming a reversal structure. Provided the 0.520 to 0.525 zone remains support, priority stays with continued upward movement toward the designated targets. Exercise proper risk management and limit exposure to no more than one to two percent of capital per trade.
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