$VELVET Signal: 1H Breakout + Bullish Momentum Continues

$VELVET 1H RSI reaches 81.91, buying pressure appears slightly weaker based on depth data (Bid/Ask Ratio 0.87), but price remains stable around 0.5357. 4H MACD histogram at 0.0224, bullish momentum shows no signs of weakening, Bollinger Band upper band at 0.5376 has been touched. Short-term profit-taking exists, but funding rate at 0.0512% indicates bullish positions are still manageable. Risk-reward ratio of 1.5, stop-loss about 1%, risk is controllable.
🎯Direction: Long
⚡Entry/Order: 0.535688 - 0.537300
🛑Stop-loss: 0.531927
🚀Target 1: 0.545359
🚀Target 2: 0.549389
🛡️Trade Management: - Execute strategy: reduce 50% of position after reaching Target 1, and move stop-loss to break-even. If price falls back into entry zone, automatically exit to protect principal.
4H Bollinger Bands continue to widen, current price tightly hugging the upper band, showing clear bullish attack characteristics. 1H MACD histogram at 0.0207 but trend is shrinking, short-term consolidation at high levels is needed. Depth imbalance at -6.79% indicates slightly more active sell orders, but no break in buy support has occurred. Overall, multiple timeframes still maintain a bullish order.
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