【$VELVET Signal】Long - Buying depth is overwhelming, pullback to add longs

$VELVET Buy side depth ratio is 69%, sell orders are thin, capital support is fully exposed. 1H MACD shows a death cross spreading, price retraced to 0.1070 then rebounded to 0.1098, 4H Bollinger Band upper band at 0.1117 is acting as resistance, but the bid_ask_ratio is as high as 5.48, selling pressure is quickly absorbed. Current RSI on 4H is 70.6, not extremely overheated, with limited room for correction.

🎯Direction: Long

⚡Entry/Order: 0.10945 - 0.10978

🛑Stop loss: 0.10868

🚀Target 1: 0.11143

🚀Target 2: 0.11225

🛡️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, automatically exit to protect principal.

Enter directly around 0.10978, buying pressure continues to push prices higher, support is clear around 0.1086 below. Short-term sharp drop is quickly supported by funds, making this position's risk-reward acceptable.

Check real-time market 👇 $VELVET
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