$VELVET Signal】Bullish momentum continues, Bollinger Band upper band game


$VELVET RSI 4H 80.46 hitting the top, but the buying depth indicator 1.45 shows active buying is still pushing prices higher. Bollinger Bands 4H opening wider, upper band at 0.1630 forming short-term resistance, 1H MACD histogram narrowing indicating momentum convergence, bulls and bears are at a stalemate.

🎯Direction: Long

⚡Entry/Order: 0.1605768 - 0.1610600

🛑Stop loss: 0.1530070

🚀Target 1: 0.1731395

🚀Target 2: 0.1791793

🛡️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 into the entry zone, automatically exit to protect capital.

Funding rate at 0.01% is normal, open interest remains stable with no abnormal market control. Current price is close to the Bollinger upper band; if volume breaks above 0.1630 on the 1H chart, acceleration is expected, otherwise watch for a pullback at high levels. Risk-reward ratio 1.5, short-term sniper logic is valid.

Check real-time market 👇 $VELVET
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VELVET57.6%
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