【$VELVET Signal】Long - Funding rate is relatively high but buying pressure is strongly breaking through

$VELVET Funding rate of 0.0310% is relatively high, increasing long position costs, but buy orders continuously push the price to 0.1156, with weak sell order depth. No technical data reference on 1H, same blank on 4H, Bid/Ask Ratio 1.00 indicates balance, with a volume of 56.54M supporting the current breakout strength.
🎯Direction: Long
⚡Entry/Order: 0.11580 (taken from the median of the suggested range)
🛑Stop Loss: 0.11409
🚀Target 1: 0.12033
🚀Target 2: 0.12241
🛡️Trade Management: - Reduce 50% at Target 1, move stop loss up to 0.11580 to protect capital; if price falls back to entry level, automatically exit.
Low-liquidity new tokens are prone to pinning, and the 0.11409 stop loss distance is small. A risk-reward ratio of 2.0 makes it worth betting. If the funding rate continues to rise, be alert to imbalance between bulls and bears.
View real-time market 👇 $VELVET
---
Follow me: Get more real-time analysis and insights on the crypto market!
#Gate广场五月交易分享 #美国4月PPI同比暴涨6% $BTC $ETH $SOL