VELVET/USDT Trade Plan (1H Chart)

$VELVET ‌
Current Price: 0.62275 USDT
The 1-hour chart remains bullish. Price is trading above the MA/EMA cluster, MACD is positive, and momentum continues to favor buyers. However, KDJ is in the overbought zone, so short-term pullbacks are possible before the next leg higher.
Buy Strategy
Aggressive Entry: 0.615–0.625
Pullback Entry: 0.585–0.600
Strong Support Buy: 0.560–0.570
Take Profit Targets
TP1: 0.650
TP2: 0.680
TP3: 0.735 (previous major high)
Extended Target: 0.780–0.800 (if bullish momentum continues)
Stop Loss
0.555 (below key support)
Key Levels
Support: 0.600, 0.575, 0.555
Resistance: 0.650, 0.680, 0.735
Trade Management
Take 30% profit at TP1.
Move the stop loss to your entry after TP1 is reached.
Let the remaining position run toward TP2 and TP3 using a trailing stop.
Outlook: Bullish. As long as VELVET holds above 0.600 USDT, the trend favors continuation toward 0.680–0.735 USDT. Avoid opening large positions after extended green candles; buying on pullbacks offers a better risk-to-reward ratio.