【$VELVET Signal】Pullback Entry: Wait for a deep retracement to 0.09749 to catch the rebound

$VELVET 1H Bollinger Bands opening upward, but the price has already moved away from the upper band at 0.1099, RSI at 76.97 indicating overbought conditions, funding rate at 0.0254% is relatively high, showing clear signs of bullish crowding. 4H MACD is still expanding, but short-term buying momentum is weakening, and the deep buy-sell ratio of 2.64 indicates solid support below. If a pullback occurs to the support zone, the battle between bulls and bears may intensify.

🎯Direction: Long (Place order and wait for a pullback)

⚡Entry/Order: 0.09749 (Recommended lower limit of the zone)

🛑Stop Loss: 0.09602

🚀Target 1: 0.10045

🚀Target 2: 0.10193

🛡️Trade Management:
- Execution Strategy: Place a buy order at 0.09749, reduce position by 50% at Target 1, move stop loss up to 0.09749 to break even. If the price falls below the stop loss, exit immediately to avoid deep losses.

Depth Logic: Currently, chasing longs at high levels offers poor risk-reward, but depth data shows active support below. The 0.097-0.10 range is a previous dense trading zone, with clear capital backing. Patience to wait for a retracement to this zone before entering is more prudent.

Check real-time market 👇 $VELVET
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