$VELVET Signal | Overbought Pullback to Long

RSI 1H soared to 82.74, buying depth overflowed by 18.89%, funding rate at 0.0748% is already relatively high. Bollinger Bands 1H upper band at 0.1304 was broken through, short-term momentum decay frequency is increasing. After four consecutive bullish candles on the 4H chart, the selling ratio returned to 0.52, and profit-taking pressure has accumulated.
🎯Direction: Long (Pullback Pending Order)
⚡Entry/Order: 0.10701 (System recommends waiting at the lower limit of the suggested range for a deep pullback)
🛑Stop Loss: 0.09701
🚀Target 1: 0.12702
🚀Target 2: 0.13702
🛡️Trade Management: Reduce 50% of position upon reaching Target 1 and move stop loss to entry price; exit if price falls below entry price.
Depth logic: 1H MACD histogram begins to flatten, bullish momentum diminishes; 4H OI remains stable but funding rate is high, chasing longs offers very low cost-effectiveness. Rationally, wait for a pullback to EMA20_1h (0.116) or deeper into the 0.107 zone before entering again, for a better risk-reward ratio. Retail FOMO often leads to blindly chasing highs and getting trapped; currently, it’s better to hold cash and wait.
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