$VELVET Signal】Long - 4H RSI Overbought but Momentum Continues, 1H Buying Depth Dominates


$VELVET 4H RSI surges to 91.5, price stays close to the upper Bollinger Band at 0.2582, buying depth ratio at 55.79%, Bid/Ask Ratio as high as 3.52. The 1H MACD histogram continues to expand, but RSI at 78.24 has entered the high zone. Funding rate at 0.0562% is relatively high; if the rate continues to rise, beware of bullish trap. Currently, sell pressure in the order book is thin, buy orders are significantly stronger, short-term funds are still actively pushing up. However, the risk-reward ratio has narrowed to 1.5; for those chasing the high, entering on dips or pullbacks offers better value.

🎯Direction: Long

⚡Entry/Order: 0.25850 - 0.25928

🛑Stop Loss: 0.25669

🚀Target 1: 0.26317

🚀Target 2: 0.26511

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

Depth Logic: The 4H Bollinger Bands are opening upward, MACD momentum bars are still extending, indicating a strong trend continuation. But the 1H RSI is approaching overbought, combined with a relatively high funding rate, short-term high-level consolidation may occur. Depth data shows continuous buy orders supporting the bottom, with limited expected pullback range. The core logic of this order is momentum inertia, not chasing high positions.

View real-time market 👇 $VELVET
---
Follow me: Get more real-time analysis and insights on the crypto market!
#分享美股交易赢英伟达股票 #预测NBA总冠军赢20,000U $BTC $ETH $SOL
VELVET37.02%
BTC3.86%
ETH7.46%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments