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$VELVET (1h) - Breakout Continuation
Bias: Long
Entry (Zone): 0.1156 - 0.1164
Targets:
TP1: 0.1190
TP2: 0.1212
TP3: 0.1240
Stop Loss: 0.1118
Why this Setup:
I’m leaning with the trend because price has reclaimed the recent range highs and is pressing into fresh highs with strong momentum. The move is extended, so I want a clean breakout continuation rather than chasing blindly, and I’m using the prior breakout area as my invalidation if the push fails.