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$VELVET (1h) - Pullback Long
Bias: Long
Entry (Zone): 0.4720 - 0.4805
Targets:
TP1: 0.5030
TP2: 0.5235
TP3: 0.5480
Stop Loss: 0.4350
Why this Setup:
I’m leaning long because price is holding above the recent breakout area and the chart still shows a bullish structure with higher lows on the intraday trend. I want a pullback into support for continuation, with room for a move back toward the recent swing highs if buyers step in again.