$VELVET Signal] Long position 1H resistance bounce + deep support

$VELVET Sell order depth ratio 0.43, selling pressure twice that of buy orders, but price repeatedly tests the 1.71 area without breaking through. 1H MACD shows a widening death cross, RSI has fallen back to 62, and the 4H Bollinger upper band at 1.835 still has room. Funding rate is normal at 0.005%, open interest remains stable with no abnormal fluctuations.
🎯Direction: Long
⚡Entry/Order: 1.7133943 - 1.7185500
🛑Stop loss: 1.6326225
🚀Target 1: 1.8474412
🚀Target 2: 1.9118869
🛡️Trade management: 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.
Depth logic: 4H RSI at 83.79 overbought, but short-term pullback is healthy cooling. 1H candlesticks show consecutive lower shadows, indicating the bearish selling pressure is quickly absorbed. This price resilience under deep imbalance often suggests the main force is quietly accumulating positions. Risk-reward ratio 1.5, downside limited to within 5%, worth a small stop-loss test.
View real-time market 👇 $VELVET
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