$VELVET Signal: 1H momentum continuation, chasing longs and sniping


$VELVET RSI touches 80.05, the upper band of Bollinger Bands at 0.1547 has been pierced. The 1H MACD red histogram is still expanding, with buying bias at 1.28. The 4H volume continues to grow, with the latest 4H trading volume exceeding 53 million. Bulls are actively pushing higher, with no obvious selling pressure.

🎯Direction: long

⚡Entry/Order: 0.153339 - 0.153800

🛑Stop loss: 0.152262

🚀Target 1: 0.156107

🚀Target 2: 0.157261

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

Order book Bid/Ask depth of 1.28 shows solid support below, funding rate at 0.0411% is acceptable, no signs of overheating or short squeeze. Current risk-reward ratio is about 1.5, within a reasonable trading range.
Check real-time market 👇 $VELVET
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VELVET28.91%
BTC-2.72%
ETH-5.62%
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