【$VELVET Signal】Long + 1H deep downside support

$VELVET Order book depth at 5.35x, funding rate 0.005% nearly neutral. The 4H Bollinger upper band at 0.95 is putting pressure on price, but on the 1H timeframe price retraced to the middle band at 0.845, then rebounded to 0.896, with dense resting buy orders below. The MACD 4H histogram is still positive despite contracting; the bullish trend remains intact.

🎯Direction: long

⚡Entry/Order: 0.8963728 - 0.8990700

🛑Stop loss: 0.8900793

🚀Target 1: 0.9125561

🚀Target 2: 0.9192991

🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce the position by 50% and move the stop loss up to break-even. If the price falls back to the entry level, automatically exit to protect principal.

With acceptable risk-reward under high volatility, short-term active buying support is effective, but be cautious of possible 4H top bearish divergence.

View real-time market 👇 $VELVET
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