$VELVET Signal: Going long · 1H volume breakout above the upper Bollinger Band


$VELVET 1H volume surge breaks above the upper Bollinger Band at 0.5924, RSI surges to 84.23. 4H MACD bullish bars continue expanding, funding rate at 0.0349% not overheated. Order book buy depth ratio 1.26, sell pressure not significantly accumulated. Current price has stabilized above 0.6357, short-term momentum is strong, go long directly.
🎯Direction: long
⚡Entry/Limit order: 0.635787 - 0.637700
🛑Stop loss: 0.605815
🚀Target 1: 0.685528
🚀Target 2: 0.709441
🛡️Trade management:
- Execution strategy: After reaching target 1, reduce position by 50% and move stop loss to breakeven. If price falls back to entry, exit automatically to protect capital.
It's true that 1H RSI is extremely overbought, but 4H is still in a strong channel, and the funding rate hasn't reached the danger zone. Pullback risk exists, but the cost of missing out during a breakout is higher. Strictly set stop loss according to risk control.
View real-time price 👇 $VELVET
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