$VELVET Signal】Long position, deep support + negative fee rate short squeeze


$VELVET Order book depth is 3.68 times the sell orders, with thick orders around 0.36. Funding rate is -0.0397%, making short positions costly.
4H MACD shows a bullish trend but with shrinking bars, 1H MACD shows expanding bearish momentum, price retraced to 1H EMA50 (0.3288) then rebounded, currently holding steady.

🎯Direction: Long

⚡Entry/Order: 0.3623696 - 0.3634600

🛑Stop loss: 0.3452870

🚀Target 1: 0.3907195

🚀Target 2: 0.4043492

🛡️Trade management: - Reduce position by 50% after reaching Target 1, move stop loss to break-even. If price falls back to entry level, exit automatically.

Deep support is clear, and under negative fee rates, if shorts do not cut losses, they face a short squeeze risk. The 4H uptrend remains intact, the 1H correction structure is complete, and risk-reward ratio is reasonable.

Check real-time market 👇 $VELVET
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VELVET26.01%
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