【$VELVET Signal】Multiple head breakout above the upper Bollinger Band, funds continuously pushing higher

$VELVET 1H Bollinger Band upper band 0.1446 was broken with increased volume, current price 0.14764 running along the upper channel. The MACD histogram has expanded for three consecutive bars, indicating bullish momentum has not weakened. The market depth deviation is 12.81%, buy orders significantly outnumber sell orders. The 4H level also breaks through previous high resistance area, with the moving average system diverging bullishly.

🎯Direction: Long

⚡Entry/Order: 0.1474

🛑Stop Loss: 0.1402580

🚀Target 1: 0.1587130

🚀Target 2: 0.1642495

🛡️Trade Management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back to the entry level, exit automatically to protect capital.
Current 1.5x risk-reward ratio, short-term RSI is high but funds continue to flow in, strict adherence to plan is required for chasing longs.

View real-time market 👇 $VELVET
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