$VELVET Signal | 4H bearish suppression, 1H rebound encountering resistance to short


$VELVET 0.5799 closely following 1H EMA50 (0.5801), buy order depth imbalance at 23% but insufficient order thickness, price rapidly rises then trading volume begins to shrink. Although 1H MACD shows a bullish crossover and expansion, the 4H MACD histogram remains below zero, indicating the bearish structure has not broken. This rapid rise and slow fall pattern suggests a high probability of short-term profit-taking.
🎯Direction: Short
⚡Entry/Order: 0.57816-0.57990
🛑Stop Loss: 0.585699
🚀Target 1: 0.571201
🚀Target 2: 0.566852
🛡Trade Management: After reaching Target 1, reduce position by 50%, and move stop loss to breakeven. If the price falls back into the entry zone, exit automatically to protect capital.
Objectively assessing a risk-reward ratio of 1.5, the position is stuck below the moving average resistance, making this rebound worth betting on.
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VELVET6.14%
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Gendowor
· 3h ago
Definitely going up
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