【$VELVET Signal】Go long + 4H momentum breakout chasing the rally

$VELVET 4H RSI hits 85.34, the price directly breaks above the Bollinger upper band at 0.1786, currently at 0.1836. 1H MACD histogram value is 0.0016, bullish momentum slightly shrinking. Market buy depth ratio is 1.44, funds are still actively placing orders. Chasing the rally in this extreme zone requires strict stop-loss protection; a risk-reward ratio of 1.5 seems reasonable.

🎯Direction: long

⚡Entry/Order: 0.183049 - 0.183600

🛑Stop-loss: 0.174420

🚀Target 1: 0.197370

🚀Target 2: 0.204255

🛡️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 principal.

Depth logic: Funding rate at 0.0496% is in a neutral to slightly high zone, but open interest remains stable. 1H MACD is shrinking but has not yet a death cross, with no obvious selling pressure above. 4H buy-side strength is better than sell-side; if 1H volume increases again and pushes upward, breaking the previous high at 0.18967 is quite likely. Patience is needed for the order placement.

Check real-time market 👇 $VELVET
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