【$VELVET Signal】4H high-level consolidation, 1H MACD bearish expansion seeking a bullish rebound point

$VELVET 4H RSI 78.89 high-level dulling, buying momentum slowing down. 1H MACD histogram shows three consecutive negative expansions, short-term selling pressure not exhausted. Market depth shows bid_ask_ratio 1.12, with slightly higher order density below, but deviation rate only 5.5%, support is not solid. Price is trading above EMA20_1h at 1.53, and the bullish structure is not broken. Under this 4H bullish trend, the 1H pullback often occurs after sharp drops, followed by quick rebounds, so it’s worth placing pending orders at support zones.
🎯Direction: Long
⚡Entry/Pending Order: 1.6910815 - 1.6961700
🛑Stop Loss: 1.6792083
🚀Target 1: 1.7216125
🚀Target 2: 1.7343338
🛡️Trade Management: - Execute strategy: reduce 50% of position after reaching Target 1, and move stop loss to break-even. If price falls back into the entry zone, automatically exit to protect capital.
Low funding rate 0.005%, OI stable, no liquidation signals, but the upper band of the 4H Bollinger Bands at 1.9185 still has room. Risk-reward ratio 1.5, within an acceptable range.
Check real-time market 👇 $VELVET
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