【$VELVET Signal】Long | 1H pullback test support, 4H trend intact

$VELVET Around 1.5240, intense trading, 1H pullback touches EMA20 (1.3607) with buy orders absorbing.
Order book shows slight selling pressure (Bid/Ask 0.89), but the 4H Bollinger Band upper band is expanding, and the trend has not broken at the tail end.
Current risk-reward ratio is about 1R, suitable for short-term positioning.
🎯Direction: Long
⚡Entry/Order: 1.5198 - 1.5244
🛑Stop loss: 1.4482
🚀Target 1: 1.6387
🚀Target 2: 1.6959
🛡️Trade management:
- Half position at Target 1, move stop loss to break-even.
- Exit if price falls below the entry zone.
Funding rate at high levels during pullback, at 0.052%, slightly high, indicating bulls have not fully retreated.
Waiting for 1H MACD golden cross confirmation.
Check real-time market 👇 $VELVET
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