$VELVET Signal】1H retracement to EMA20 buy support, long positions hidden


$VELVET 1.599, 4H RSI skyrocketed to 77.19 but buy depth ratio of 1.27 clearly shows funds supporting the price. 1H MACD histogram negative value expanding, accompanied by price pulling back to EMA20 (1.506), trading volume continues to shrink. No buy wall gaps appear, with dense orders below at 1.583.

🎯Direction: long

⚡Entry/Order: 1.5942 - 1.5990

🛑Stop loss: 1.5830

🚀Target 1: 1.6230

🚀Target 2: 1.6350

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

1H retracement volume shrinks, OI remains stable, funding rate at 0.014% is relatively low, and no large influx of bears. Current risk-reward ratio is about 1.5, with a reasonable rebound space relative to the stop loss distance.

View 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
VELVET5.71%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned