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$VELVET Signal】4H bullish alignment, 1H momentum contraction; buy on pullback
$VELVET 4H RSI 75.22, buying support gap. Price 1.0173, just below the upper Bollinger Band at 1.0695. 1H MACD histogram -0.0033, indicating short-term momentum contraction. Order-book depth imbalance is 4.34%, Bid/Ask 1.09, with solid buying support below. Funding rate 0.0518%, long position costs are not low, while OI is flat.
🎯Direction: Long
⚡Entry/limit order: 1.014248 - 1.017300
🛑Stop-loss: 1.007127
🚀Target 1: 1.032560
🚀Target 2: 1.040189
🛡️Trade management: - Reduce position by 50% upon reaching Target 1