【$VELVET Signal】4H Overbought Pullback Sniper, Waiting for Long Entry

$VELVET 4H Bollinger Band Upper Band at 0.1157 was violently broken through, RSI soared to 88.8, short-term buying pressure clearly fractured. 1H MACD histogram begins to narrow, volume has decreased. Deep imbalance at 23.37%, but buy ratio of 1.61 indicates there is still support from funds below, though willingness to buy at high levels is weakening. Current risk-reward ratio is poor, chasing high is risky, waiting for a deeper correction is more prudent.

🎯Direction: Long (Buy on pullback)

⚡Entry/Order: 0.1009 - 0.1015

🛑Stop Loss: 0.09731

🚀Target 1: 0.10688

🚀Target 2: 0.11007

🛡️Trade Management:
- Execution Strategy: Reduce 50% of position after reaching Target 1, and move stop loss to break-even. If price falls back to entry level, exit automatically to protect principal.

(Depth logic: 4H RSI is extremely overbought but no top divergence formed, funding rate at 0.05% is still acceptable, market sentiment is euphoric but chips are starting to loosen. Wait for price to pull back near 1H EMA50, if a 1H RSI bottom divergence appears, it’s an excellent second entry point.)

Check real-time market 👇 $VELVET
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