【$VELVET Signal】Longs, correction near EMA20 support

$VELVET 1H RSI 53.76, the price has retested near EMA20 (0.7579), 4H MACD bullish histogram continues to narrow, 1H MACD bearish histogram expansion weakens, volume shrinks. The order book sell pressure is slightly higher than buy pressure (depth imbalance -11%), but order density in the 0.76-0.77 zone is increasing, funding rate at 0.0116% is within normal range, long position costs are controllable. Current risk-reward ratio is 1.5, short-term trading offers a relatively reasonable cost-performance ratio.

🎯Direction: Long

⚡Entry/Order: 0.7701 - 0.7724 (current price zone orders or market order for direct entry)

🛑Stop loss: 0.7646463

🚀Target 1: 0.7839555

🚀Target 2: 0.7897483

🛡️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 principal.

View real-time market 👇 $VELVET
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