$VELVET Signal: Multiple pullbacks, buy-side depth locks in support

$VELVET The buy-side depth at the order book is 2.89; there are dense pending orders around 0.1224. The 1H MACD histogram is narrowing but has not flipped negative. The 4H Bollinger middle band at 0.1125 provides trend support. The current price is 0.12307, slightly above the upper edge of the suggested zone—wait for a pullback to place orders more reasonably.

🎯 Direction: Go long (place orders on pullback)

⚡ Entry/Order: 0.12245

🛑 Stop Loss: 0.10557

🚀 Target 1: 0.12944

🚀 Target 2: 0.13740

🛡️ Trade Management:
- Execution strategy: After reaching Target 1, reduce the position by 50% and move the stop loss up to break-even. If the price drops back to the entry level, exit automatically to protect the principal.

Depth logic: The funding rate is low at 0.005%, open interest is stable, and the intention to prop up the buy side is clear. After the 4H volume contracts and then expands again, that is the breakout signal. This is currently a reasonable risk-reward battleground.

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