$VELVET Signal】1H pullback to go long, funding rate support


$VELVET 1H chart MACD death cross confirmed, price retreated from the high of 0.397 to around 0.322, buy/sell order depth ratio of 0.71 indicates selling pressure is relatively strong. But the 4H Bollinger Band middle line at 0.2285 provides strong support, funding rate at 0.0274% is extremely low, and long position costs have a clear advantage. The current pullback structure leans toward short-term profit-taking, not a trend reversal.
🎯Direction: Long
⚡Entry/Order: 0.321532 - 0.322500
🛑Stop loss: 0.306375
🚀Target 1: 0.346688
🚀Target 2: 0.358781
🛡️Trade management: - Execution strategy: after reaching Target 1, reduce position by 50%, and move stop loss to breakeven. If the price falls back into the entry zone, exit automatically to protect principal.
Depth logic: The 4H uptrend remains intact, open interest remains stable, and incremental funds have not exited. The current risk-reward ratio is 1.5, which is within a reasonable range among hot coins, making it worth betting on a rebound continuation.
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