VELVET/USDT here is a concise trade plan for a long (buy) position with tight risk management.



Note: This plan assumes you are trading a breakout or momentum continuation.
$VELVET #MillionDepositCashback
Trade Setup: Breakout Continuation

· Entry Trigger: A strong 15m or 1h candle close above the 24h high/resistance at 0.64321.
· Current Bias: Bullish momentum (+23.65%), price trading above the AVL (0.6166) and SuperTrend (0.4337).

Plan A: Aggressive Breakout

· Entry: 0.64350 (Buy stop order above resistance).
· Stop Loss: 0.62200 (Below AVL and recent pivot lows; ~3.3% risk).
· Take Profit 1: 0.67486 (First major target; ~4.9% gain).
· Take Profit 2: 0.72000 (Psychological level; ~11.9% gain).

Plan B: Pullback Entry (Lower Risk)

· Entry: 0.62500 (Buy limit on a dip to the AVL).
· Stop Loss: 0.60500 (Below the SuperTrend and volume shelf).
· Take Profit 1: 0.64321 (Resistance flip to support).
· Take Profit 2: 0.67486.

Risk Management & Key Levels

· Risk per trade: 1-2% of your total portfolio.
· Position Size: Calculate based on a stop loss of ~3.3% (Plan A) or ~3.2% (Plan B) to keep dollar risk fixed.
· Invalidation: If price drops below 0.60500, the bullish structure is broken; look for short opportunities.
· Watch the MACD: The MACD is positive (0.0167) but watch for a bearish crossover if the DIF line (0.0369) turns down sharply.

Summary

Wait for a decisive close above 0.64321 to enter the breakout, or buy the dip near AVL at 0.6250. Trail your stop loss to breakeven once TP1 is hit.
VELVET14.24%
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EqunixHub
· 2h ago
VELVET continues to outperform with a strong bullish structure. Bulls remain in control unless key support breaks.
Higher highs and rising volume suggest buyers still have the upper hand. Watching for the next breakout.
Momentum remains strong, but chasing green candles carries risk. Waiting for healthy pullbacks can improve entries.
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