VELVET/USDT (1H) Trade Plan.


$VELVET #SECPushesFor24HourTrading
Current Price: 0.45470
Market Structure
VELVET/USDT is in a short-term bullish recovery after rebounding from the 0.3763 low.
Price is trading above the MA10 and MA30, indicating buyers are gradually regaining control.
MACD remains in positive territory, although momentum is slowing, suggesting consolidation before the next move.
The recent rejection from 0.4871 marks a key resistance zone that bulls need to reclaim.
Key Levels
Resistance 1: 0.4650
Resistance 2: 0.4870
Resistance 3: 0.5100
Support 1: 0.4450
Support 2: 0.4320
Major Support: 0.4200
Trade Setup 1 – Buy the Pullback (Preferred)
Entry: 0.4450–0.4500
Stop Loss: 0.4320
Take Profit 1: 0.4650
Take Profit 2: 0.4870
Take Profit 3: 0.5100
Trade Setup 2 – Breakout Buy
Enter only after a 1-hour candle closes above 0.4870 with strong trading volume.
Entry: 0.4890–0.4920
Stop Loss: 0.4700
Take Profit 1: 0.5100
Take Profit 2: 0.5300
Take Profit 3: 0.5500
Risk Management
Risk only 1–2% of your total trading capital per trade.
Move your stop loss to breakeven after TP1 is achieved.
Consider taking 40–50% of profits at TP1 and trail the remainder using higher lows.
Outlook
VELVET/USDT is consolidating after a strong recovery and remains constructive while holding above 0.4450. A breakout above 0.4870 could trigger another bullish leg toward 0.5100–0.5500. Losing 0.4320 would weaken the bullish structure and increase the probability of a deeper correction.
VELVET-4.06%
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