$VELVET Signal】Long + 1H Pullback Confirming Support


$VELVET 4H MACD histogram shows a contracting trend, RSI at 78.6 in the overbought zone, buying depth remains at -1.11% with slight imbalance. The 1H price has pulled back from the high of 0.196 to around 0.189, the bullish EMA20/50 remains intact, funding rate at 0.005% shows no extreme sentiment.

🎯Direction: Long

⚡Entry/Order: 0.1889714 - 0.1895400

🛑Stop Loss: 0.1876446

🚀Target 1: 0.1923831

🚀Target 2: 0.1938046

🛡️Trade Management:
- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to breakeven. If the price falls back into the entry zone, exit automatically to protect capital.

Current risk-reward ratio is about 1.5. The pullback to support is a normal short-term play, market sentiment is not panicked, the long-short ratio data is insufficient but open interest remains stable, and short-term momentum still favors upward movement.

View real-time market 👇 $VELVET
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