$VELVET Signal: 4H bullish structure not broken, 1H pullback to go long

$VELVET Buy order depth is only 0.22, sell orders are densely stacked, but the 4H Bollinger Band middle line at 0.8866 is far below, and the trend remains upward. The 1H MACD has a death cross forming the third bearish candle, RSI has returned to the neutral zone at 55, short-term selling pressure is easing.
🎯Direction: long
⚡Entry/Order: 1.5702 - 1.5749
🛑Stop loss: 1.4962
🚀Target 1: 1.6930
🚀Target 2: 1.7521
🛡️Trade management: - Execute strategy: after reaching Target 1, reduce position by 50%, and move the stop loss to breakeven. If the price falls back into the entry zone, automatically exit to protect capital.
Enter directly at the current price, with a loss potential within 1.5%, and a risk-reward ratio over 1.5, making it a worthwhile bet on the continuation of the 4H rebound.
Check real-time market 👇 $VELVET
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