​🚀 Trading Setup: $VELVET /USDT (Long)

VELVETBSC
VELVETUSDT
0.08034
-1.66%


​Entry Strategy: Look for an entry on a slight dip or a confirmed break above the recent high.

  • ​Optimal Entry: 0.07950 – 0.08030

    🎯 Take Profit (TP) Targets


​Scaling out is key. Set your targets at these psychological and structural resistance levels:



  2. ​TP1: 0.08350 (Quick scalp)


  4. ​TP2: 0.08600 (Mid-term resistance)


  6. ​TP3: 0.09000 (Major psychological level)

  7. đŸ›Ąïž Stop Loss (SL)

​To protect your capital, place your stop below the recent swing low and the 15m candle support.

  • ​Stop Loss: 0.07680

  • 💡 Key Observations

  • ​Momentum: The green candles are dominant, suggesting strong buying pressure.

    ​Risk Warning: The "Order Book" ratio at the bottom shows 61.77% Short vs 38.23% Long. This often indicates a "Short Squeeze" could happen (pushing price higher), but it also means the market is becoming heavy.

  • ​Leverage: If you are using leverage, keep it low (e.g., 3x–5x) as low-cap coins like $VELVET can be highly volatile.

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