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$VELVET
Price is consolidating after a sharp breakout. Momentum is still bullish, but the 1.12 area is the key resistance to watch.
A clean break and hold above 1.12 could open the way toward the previous high. If price loses the 0.98–1.00 zone, expect a deeper pullback toward 0.86.
Entry Zone: 0.98–1.02
TP1: 1.12
TP2: 1.20
TP3: 1.30
Stop-Loss: 0.85
Trend: Bullish while support holds.
Key resistance: 1.12 → 1.30
Key support: 1.00 → 0.86
No chase. Let price confirm the breakout or give the entry.
Not financial advice.
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