$VELVET pushed up strongly, then pulled back into a shallow retracement and is now showing a bounce from the local demand zone. Price is holding structure well above the recent base, and the recovery candle suggests buyers are defending this area. As long as it stays above the pullback low, continuation toward the previous highs remains likely.

Trade Setup

Entry Zone: 0.1450 – 0.1480

Targets:

TP1: 0.1510

TP2: 0.1550

Stop Loss: 0.1415

Holding above 0.145 keeps the setup bullish, while a clean break above 0.151 can open further upside momentum.