$VELVET Signal] Going long at high levels, short-term momentum trading

$VELVET RSI 1H 89, 4H 96, buy order depth 1.8 times, short-term funds are still pushing higher. But at 15:00 on the 1H chart, a long upper shadow formed (rising to 0.385 then falling back to 0.376), initial signs of selling pressure at high levels, and bullish-bearish divergence is intensifying.
🎯Direction: long
⚡Entry/Order: 0.3758989 - 0.3770300
🛑Stop loss: 0.3732597
🚀Target 1: 0.3826854
🚀Target 2: 0.3855132
🛡️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, automatically exit to protect capital.
The 4H Bollinger Band upper band at 0.3375 has been strongly broken through, with the price running along the upper band, momentum is sufficient. The funding rate of 0.0254% remains moderate, not yet in an extreme distribution zone. But open interest remains stable, with no signs of large new long positions entering. Future upward movement depends on continued buying pressure. Current risk-reward ratio is 1.5, and short-term trading requires strict stop-loss to prevent rapid fall from high levels.
View real-time market 👇 $VELVET
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