【$VELVET Signal】Long → 1H retrace to EMA20, the funding rate supports long positions

$VELVET Current price 0.77237; 1H EMA20 0.7579; the price is hovering around this level. The middle band of the Bollinger Bands is 0.7686, the lower band is 0.4591, and the bands are narrowing. The MACD 1H histogram is -0.0159, and bearish momentum is weak. The MACD 4H is 0.0440, which remains positive, so the trend is not broken. The sell order depth on the order book is -11%, but the Bid/Ask Ratio is 0.80, and there is positive participation for bids at lower levels. The funding rate is 0.0116%, and shorts continue to pay. The short-term risk/reward ratio is 1.5; set a tight stop-loss, which fits a “sniper” style approach.
🎯Direction: Long
⚡Entry/Order: 0.77005 - 0.77237
🛑Stop-loss: 0.76465
🚀Target 1: 0.78396
🚀Target 2: 0.78975
🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce 50% position size, and move the stop-loss up to the break-even level. If the price drops back to the entry zone, exit automatically to protect the principal.
Recent long funding is stable, and OI shows no abnormal changes. For high-volatility instruments, keep a strict stop-loss—better to miss the trade than hold through a loss.
View real-time market 👇 $VELVET
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