【$VELVET Signal】1H sharp rise and fall back, waiting for a pullback to go long

$VELVET 1H shows a massive long upper shadow, selling pressure is clearly suppressed, 4H MACD remains in bullish expansion, but momentum is beginning to narrow. Funding rate is 0.0805%, relatively high, short-term profit-taking pressure is increasing. The current risk-reward ratio is not ideal, but if it retraces to the lower end of the suggested zone, there is a short-term trading opportunity.
🎯Direction: Long (place order)
⚡Entry/Order: 0.12402
🛑Stop loss: 0.09661
🚀Target 1: 0.12571
🚀Target 2: 0.13541
🛡️Trade management: Reduce position by 50% after reaching Target 1, and move stop loss to break-even. If the price falls back to the entry level, automatically exit to protect capital.
Depth logic: 1H volume structure shows intense turnover at high levels, but open interest remains stable, indicating no large-scale long liquidation. RSI on 1H has fallen back to 64, still room to go lower. The order placement is near EMA20 1H(0.1169), providing technical support. Note that the order may not be fully filled, patience is required.
Check real-time market 👇 $VELVET
---
Follow me: Get more real-time analysis and insights on the crypto market!
#WCTC交易王PK #比特币突破7.9万美元 $BTC $ETH $SOL