【$VELVET Signal】Bullish breakout continuation, buying depth dominates

$VELVET RSI surges to 91.63, buying depth shows a 2.99x advantage. 4H MACD histogram expands, the upper band of Bollinger Bands at 0.2681 has been tested multiple times. Funding rate is +0.0656%, open interest remains stable but trading volume at 77.28M stays high. In this overbought state, weighing the risk-reward of chasing longs is necessary, but the buy orders provide strong support, and shorts lack counterattack chips.
🎯Direction: Long
⚡Entry/Order: 0.2595091 - 0.2602900
🛑Stop loss: 0.2576871
🚀Target 1: 0.2641944
🚀Target 2: 0.2661465
🛡️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.
Depth logic: 4H consecutive bullish candles with volume expansion, buy/sell depth ratio of 2.99 indicates thick support below, selling pressure is quickly absorbed. RSI is overbought but no divergence appears, MACD histogram is still expanding, bullish momentum shows no signs of weakening. Current risk-reward ratio is about 1.5, short-term trading window is clear.
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 #比特币回升5% $BTC $ETH $SOL