【$VELVET Signal】Long +1H pullback support to go long

$VELVET 1H MACD death cross divergence, price retraces to the 0.37 area, 4H Bollinger Band middle line at 0.3102 far below the current price, bullish trend structure intact. Deep imbalance leaning towards the sellers, but buying momentum remains decent. Funding rate at 0.005% is normal, no obvious arbitrage pressure.
🎯Direction: Long
⚡Entry/Order: 0.38983 - 0.39100
🛑Stop loss: 0.38709
🚀Target 1: 0.39687
🚀Target 2: 0.39980
🛡️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 1.5, stop loss tightly set at the key support of 0.38709. If this level is broken, the short-term bullish structure invalidates. Intraday volatility is high, so orders should be executed with limit prices.
Check real-time market 👇 $VELVET
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