【$VELVET Signal】1H Bullish Accumulation + Order Book Support, Short-term Sniping for Long Positions

$VELVET Order book depth imbalance -38.31%, Thin sell orders. The 1H MACD green bars are shrinking, but the price remains above the Bollinger middle band at 0.85. The 4.5x volume bullish candle at 14:00 directly broke through the previous high, indicating strong capital inflow. The 4H Bollinger upper band is at 0.9994 and opening wide; if the price breaks above 0.924 resistance, the next target is directly at 0.993.
🎯Direction: Long
⚡Entry/Order: 0.9213 - 0.9241
🛑Stop Loss: 0.8779
🚀Target 1: 0.9934
🚀Target 2: 1.0280
🛡️Trade Management: - Execute strategy: after reaching Target 1, reduce position by 50%, and move stop loss to break-even. If the price falls back into the entry zone, automatically exit to protect capital.
Order book logic: Currently, the funding rate at 0.0061% is still reasonable, and stable open interest indicates that the long positions are not overly crowded. The 1H RSI at 61 is not overheated; if it pulls back to around 0.88 support, buying support remains strong, and risk-reward ratio is reasonable.
Check real-time market 👇 $VELVET
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#我的Gate交易时刻 #美国5月CPI创三年新高 #预测世界杯墨西哥VS南非