【$VELVET Signal】1H pullback confirmation, bulls gather strength for another attack

$VELVET MACD 4H histogram contracts, but price remains above EMA20, consolidating within the 0.3086-0.3354 range, 1H buy ratio rebounds to 0.52, order book depth imbalance of 2.79% favors sellers, but bid/ask ratio of 1.06 indicates buying support below is not weak. Current price 0.32307 approaches the midline of the suggested entry zone, short-term bulls and bears focus on 0.3198 support.

🎯Direction: 【Long】

⚡Entry/Order: 0.3221 - 0.3231

🛑Stop loss: 0.31984

🚀Target 1: 0.32792

🚀Target 2: 0.33034

🛡️Trade management:
- Execution strategy: Reduce 50% of position after reaching Target 1, and move stop loss to break-even. If price falls back into the entry zone, automatically exit to protect capital.

Funding rate of 0.0443% is not extreme, long position costs are manageable. 4H RSI at 74.77 is high but not overbought, 1H RSI at 57.28 is neutral leaning strong, indicating short-term upward momentum. Sell-side depth shows slightly thicker sell orders, but price has not broken key support, indicating clear willingness of funds to support the bottom. Short-term focus on 0.3198 for defense, risk/reward ratio about 1.5x, worth trying.

Check real-time quotes 👇 $VELVET
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