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$VELVET | 1h | Breakout Retest
Bias: Long
Entry Zone: 0.536 to 0.542
Stop Loss: 0.527
Targets:
TP1: 0.556
TP2: 0.572
TP3: 0.588
Invalidation:
Close below 0.527
Why This Setup:
I’m trading the reclaim of the 0.535-0.540 area after the strong impulse off 0.50. Price is holding above the breakout base and a continuation through nearby liquidity can open the way back toward the recent swing highs.