【$VELVET Signal】Long position 1H oversold rebound trading

$VELVET 1H MACD histogram -0.0058, bearish momentum continues to release. Price is trading below the middle band of Bollinger at 0.3942, touching a low of 0.367 before rebounding to around 0.378. Selling pressure is dominant but the depth imbalance value is neutral at 1.00, with orders relatively concentrated around the 0.375 area below, forming short-term support. Funding rate is 0.005%, long costs are very low, open interest remains stable with no signs of panic exit.
🎯Direction: Long
⚡Entry/Order: 0.3783716 - 0.3789400
🛑Stop loss: 0.3751506
🚀Target 1: 0.3846241
🚀Target 2: 0.3874662
🛡️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.
Current risk-reward ratio is about 1.5. Short-term rebound trading requires strict stop-loss; this is a natural market order game, not a reversal signal.
Check real-time market 👇 $VELVET
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