$VELVET Signal】Long: 1H Bollinger Band breakout + Buy pressure push


$VELVET RSI 1H skyrocketed to 88.56, and the upper band of the 4H Bollinger Band at 0.3276 has been left behind. Funding rate is 0.0453% away from neutral, and open interest remains stable. Buy depth accounts for only 11% of sell orders, but the price is forcibly pushed up to 0.344, with bulls sweeping the order book without regard for price. MACD double-cycle histogram bars are expanding in sync, indicating short-term momentum is not exhausted.
🎯Direction: Long
⚡Entry/Order: 0.3437
🛑Stop loss: 0.3407976
🚀Target 1: 0.3494036
🚀Target 2: 0.3519854
🛡️Trade management: After reaching Target 1, reduce position by 50%, and move stop loss to break-even. If the price falls back into the entry zone, automatically exit to protect capital.
Depth logic: Despite extreme imbalance, the price still hits new highs, with bears passively bearing selling pressure, and short squeeze conditions initially forming. RSI is overbought but shows no bearish divergence, 1H MACD red bars are not shortening, and short-term inertia remains upward. Risk-reward ratio is 1.5, worth betting.
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VELVET64.11%
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