$VELVET Signal: 1H pullback with multiple entries, 4H upward continuation

$VELVET Current price 0.4766, 1H MACD volume bars turn negative, price tests the middle band of Bollinger at 0.4771. 4H MACD remains above zero, the bullish trend is intact. Market depth is unbalanced at -6.46%, selling pressure is slightly dominant but there are dense buy orders around 0.475. Funding rate is 0.005%, stable with no anomalies. Current risk-reward ratio is 1.5, worth a try in a ranging market.
🎯Direction: Long
⚡Entry/Order: 0.475170 - 0.476600
🛑Stop loss: 0.471834
🚀Target 1: 0.483749
🚀Target 2: 0.487324
🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back to the entry level, automatically exit to protect capital.
Depth logic: 4H upward structure is complete, 1H tests EMA20 (0.4647) and EMA50 (0.4284) from above, both moving averages remain bullish. Stable open interest indicates no large-scale liquidation, the pullback with decreasing volume is more likely a shakeout. RSI_1h at 54.45 is in neutral zone, with limited downside space. Buy orders at 0.475 are actively supporting, this dip is probably a buying spree.
Check real-time market 👇 $VELVET
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