$VELVET Signal】Bullish Breakout + 1H Break Above Bollinger Upper Band


$VELVET RSI 1H 86.27, Buy Order Depth Ratio 56%, Buy pressure dominates.
4H Bollinger Upper Band at 0.3286 has been broken, current price at 0.3475 continues to stay above the upper band, MACD histogram at 0.0133 still expanding.
Funding rate at 0.0263% is neutral and relatively low, open interest stable, no signs of long positions retreating.

🎯Direction: long

⚡Entry/Order: 0.3464475 - 0.3474900

🛑Stop Loss: 0.3440151

🚀Target 1: 0.3527024

🚀Target 2: 0.3553085

🛡️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 to the entry level, automatically exit to protect capital.

Depth Logic: Buy order depth is 3.56 times that of sell orders, indicating strong willingness to absorb at higher levels; 1H RSI is high but not showing divergence, 4H Bollinger bands opening upward, volume continues to support.
Extreme overbought conditions require caution for a pullback, but current buying pressure dominates, and short-term momentum has not yet exhausted.

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