【$VELVET Long + 1H Bollinger Middle Band Support + Buying Depth Advantage】

$VELVET Buy/Sell depth ratio is 1.6, with buyer depth continuing to lead. Although the 1H MACD histogram has turned negative, the signal line is still above zero, indicating weakening bearish momentum. The 4H Bollinger Middle Band at 0.4175 is relatively far; the current price is in the upper-middle band range, and the bullish structure has not been broken. RSI (1H) is 57.54—not overbought—still leaving room for upside.
🎯Direction: long
⚡Entry/Order: 0.492019 - 0.493500
🛑Stop Loss: 0.488565
🚀Target 1: 0.500903
🚀Target 2: 0.504604
🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce the position by 50%, and move the stop loss up to break-even. If the price falls back to the entry area, automatically exit to protect the principal.
Depth Logic: Stable open interest (OI) combined with low funding rates means the conditions for a bearish squeeze are not yet ripe, but buyer depth is proactively absorbing sell orders. The short-term pullback within the 4H uptrend is supported by the 1H Bollinger Middle Band at 0.4858; the current price is consolidating around 0.4935. The risk-reward ratio of 1.5 is still acceptable. In the short term, watch to see whether the 0.50 psychological level can break upward with increased volume.
View real-time market 👇 $VELVET
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