$VELVET Signal】Long sniper: After 1H breakout, pullback, high position game on funding rate

$VELVET A single 4H bullish candle from 0.35 to 0.98, then a pullback to the 0.65-0.74 range, followed by a second wave, 1H MACD histogram contracting but DIFF still rising. The order book shows slightly thicker sell orders—1.11%—but spot buy orders are densely accumulated around 0.83. The monthlyized long position cost at a funding rate of 0.0423% is nearing a critical point; continuous consolidation in the early morning could trigger a short squeeze.
🎯Direction: Long
⚡Entry/Order: 0.8388060 - 0.8413300
🛑Stop Loss: 0.8319428
🚀Target 1: 0.8554108
🚀Target 2: 0.8624512
🛡️Trade Management: Execute 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.
1H RSI is at 58, still room before overbought; 4H RSI at 72 is somewhat high, but after volume breakout above 1.09 and then a pullback with decreasing volume, the bullish structure remains intact. The 0.80-0.83 zone is a previous dense trading area; setting the stop below this zone can prevent false breakouts. This risk-reward ratio is around 1.5, making it a worthwhile narrow stop-loss game for intraday volatile hot coins.
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