$VELVET Signal: Long, 1H volume breakout + buy-side depth overrun


$VELVET Bid/Ask ratio 1.80, buy-side depth fully in control. 1H MACD histogram continues to expand, with capital actively pushing upward. Price just broke the upper Bollinger Band at 0.5966, and bullish momentum is not exhausted. 4H RSI is only 69, still room to rise. Current risk/reward ratio is 1.5, entering long is safer than chasing.

🎯Direction: Long

⚡Entry/Pending Order: 0.598399 - 0.600200

🛑Stop Loss: 0.594198

🚀Target 1: 0.609203

🚀Target 2: 0.613704

🛡️Trade Management:
- Execution Strategy: After reaching target 1, reduce position by 50% and move stop loss to breakeven. If price falls back to entry point, exit automatically to protect capital.

Deep Logic: 1H volume surged to 28.5 million, the highest level in recent times, with concentrated buying power. Although the funding rate is slightly high at 0.0446%, open interest remains stable, with no short squeeze risk for now. Short-term momentum remains strong, and setting stop loss at 0.594 can withstand normal intraday fluctuations.
View real-time quotes 👇 $VELVET
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