【$VELVET Signal】Long - 1H MACD contraction pullback to go long

$VELVET RSI 4H 78.32, 1H MACD histogram has been contracting for two consecutive hours, indicating hesitation in buying momentum. Funding rate is mild at 0.0485%, but sell order depth share has increased to 53%.

🎯Direction: Long

⚡Entry/Order: 0.1526 (within recommended range)

🛑Stop loss: 0.1512621

🚀Target 1: 0.1550819

🚀Target 2: 0.1562278

🛡️Trade management: After reaching Target 1, reduce position by 50% and move stop loss to break-even. If price falls back to entry level, automatically exit.

Current risk-reward ratio is 1.5, short-term trading is worth a try, but watch out for RSI overbought pressure on the 4H chart.

Check real-time market 👇 $VELVET
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