【$VELVET Signal】Pullback Entry | 1H Adjustment Opportunity

$VELVET 1H MACD histogram turns negative, RSI drops from high levels to 61, 4H Bollinger upper band at 0.1188 acts as resistance.
Trading volume shrinks, buying momentum weakens.
Funding rate is relatively high at 0.034%, but open interest remains stable, indicating an undecided battle between bulls and bears.

🎯Direction: Long (Pullback orders)

⚡Entry: 0.1160 - 0.11698

🛑Stop Loss: 0.09831

🚀Target 1: 0.11746

🚀Target 2: 0.11793

🛡️Management: Reduce 50% of position upon reaching Target 1, move stop loss up to entry level.
If price falls below 0.1160, abandon the trade.

Deep Logic: The 4H uptrend still exists, but short-term signals indicate a correction.
Current risk-reward ratio is not ideal, but if the price stabilizes around 0.1160 during a pullback, a rebound to previous highs is possible.
Risk point: funding rate is high, watch out for bullish trap.

Check real-time market 👇 $VELVET
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