【$VELVET Signal】Bullish absorption + 1H pullback to the middle Bollinger band

$VELVET Buy order depth ratio 1.27, order volume significantly higher than sell orders. The 1H price is currently pulling back to the middle Bollinger band around 1.5687, RSI at 57.2 in a neutral to slightly bullish zone, but the MACD histogram is still expanding in negative territory, indicating short-term momentum has not fully recovered. The 4H MACD shows a golden cross with decreasing volume, the bullish structure remains intact but momentum is waning. The current risk-reward ratio is about 1.5, suitable for small stop-loss bets on continued rebound.

🎯Direction: long

⚡Entry/Order: 1.5942728 - 1.5990700

🛑Stop-loss: 1.5830793

🚀Target 1: 1.6230560

🚀Target 2: 1.6350491

🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop-loss to break-even. If the price falls back to the entry level, automatically exit to protect capital.

Depth logic: Open interest remains stable, funding rate at 0.0142% with no anomalies, indicating that the bulls and bears are not in extreme conflict. The lower Bollinger band on the 1H chart at 1.2167 is relatively far, and if the price can stabilize near the middle band, the probability of a second bullish surge increases. Buy order depth continues to be higher than sell orders, with clear signs of large traders supporting the market.

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 #TradFiCFD黄金大师赛 #预测世界杯美国VS巴拉圭