【$VELVET Signal】Long: 1H pullback confirmation + 4H MACD bullish expansion

$VELVET The buy-side order depth in the market is 3.40, indicating a clear intention of capital support. The 1H RSI is at 61.69, operating above the middle band of the Bollinger Bands at 0.4157, and the 4H MACD histogram is expanding positively, with volume gradually increasing. The current price is 0.4493, close to the upper boundary of the suggested range, waiting for a pullback confirmation.
🎯 Direction: Long
⚡ Entry/Order placement: 0.4479-0.4493
🛑 Stop loss: 0.4268
🚀 Target 1: 0.4830
🚀 Target 2: 0.4998
🛡️ Trading management:
- Execution 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.
The 1H buy orders continue to push the price higher, and the upper band of the 4H Bollinger Bands at 0.5007 has not yet been touched. The risk-reward ratio is 1.5, and current buying strength is sufficient. Market psychology indicates a funding rate of 0.0386%, with no overheating short-selling risk, suitable for short-term long follow-up.
Check real-time market 👇 $VELVET
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