💥 VELOUSDT Momentum Build: Bullish Signs at HTF Demand!
💎 Paradisers, #VELOUSDT has bounced from the Higher Time Frame (HTF) demand level, accompanied by a Fair Value Gap (FVG) candle and also shown Change of Character (CHoCH) towards a bullish market structure, increasing the likelihood of a bullish move.
💎 #VELO has also broken out of the falling wedge and shown bullish divergence on the MACD. If the price directly breaks the resistance level from here, it could present an opportunity to capitalize on the bullish move.
💎 If the price shows a pullback, the HTF demand may provide a bounce again, but it would be prudent to wait for bullish confirmation in both scenarios.
💎 However, if there is a breakdown of the HTF demand, it will invalidate our entire bullish setup. In this case, it would be better to wait for more favorable price action to develop.
💎 #VELO has also broken out of the falling wedge and shown bullish divergence on the MACD. If the price directly breaks the resistance level from here, it could present an opportunity to capitalize on the bullish move.
💎 If the price shows a pullback, the HTF demand may provide a bounce again, but it would be prudent to wait for bullish confirmation in both scenarios.
💎 However, if there is a breakdown of the HTF demand, it will invalidate our entire bullish setup. In this case, it would be better to wait for more favorable price action to develop.
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