$VELVET Signal: 1H Bullish acceleration + deep buy wall support, aiming for a pullback


$VELVET 4H RSI soared to 82.97, but after a pullback to 69.77 on the 1H, buy orders quickly replenished. Deep imbalance at 35.12%, Bid/Ask depth ratio of 2.08 — strong buy support below, capital support intentions are directly exposed. MACD 1H bullish bars have shortened, but the price has just confirmed the EMA20 (1.065) a second time, and momentum is not exhausted. In this structure, chasing the rally and waiting for a pullback is more cost-effective than blindly holding.
🎯Direction: Long
⚡Entry: 1.4558 - 1.4602
🛑Stop Loss: 1.4456
🚀Target 1: 1.4821
🚀Target 2: 1.4930
🛡️Trade management: - Execute strategy: after reaching Target 1, reduce position by 50%, and move stop loss to breakeven. If the price falls back into the entry zone, exit automatically to protect capital.
Open interest remains stable, fee rate at 0.09%, not overheated, short squeeze conditions are not yet ripe, but if 1H volume increases again, breaking the previous high of 1.517 is quite possible. Currently, the risk-reward ratio is 1.5, making it a worthwhile trade.
Check real-time market 👇 $VELVET
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VELVET74.70%
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