【$VELVET Signal】4H Strong Breakout, Bulls Continue to Push

$VELVET On the 4H Bollinger Bands upper band at 1.5342, the price was strongly pushed away, trading above for nearly 4 candles, with buying volume continuously increasing. The 1H MACD histogram is shrinking, but the price has not retraced, and the bulls' exhaustion is still being absorbed steadily. The depth imbalance of -16.35% indicates slightly heavy sell pressure on the orders, but the price remains unaffected, showing a very high level of control by the main force. The funding rate at 0.119% is relatively high, so short-term friction costs should be watched, but momentum is still accelerating.

🎯Direction: Long

⚡Entry/Order: 1.7730249 - 1.7783600

🛑Stop Loss: 1.6894420

🚀Target 1: 1.9117370

🚀Target 2: 1.9784255

🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce position by 50%, and move the stop loss to break-even. If the price falls back into the entry zone, automatically exit to protect capital.

The 4H MACD remains in an expansion trend, with no signs of divergence. The 1H RSI is at 74, not entering overbought extremes, so there is limited room for a pullback. For a reversal, the bears need to break below the 1.689 support, which has not been seen yet.

Check real-time market 👇 $VELVET
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