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【$VELVET Signal】1H Breakout, Retracement for Long
$VELVET 1H RSI 73.56, 4H BOLL Upper Band Broken, Bollinger Bands Expanding. Strong buying support around 0.599, Depth Ratio 1.80. Funding Rate 0.0446% Neutral, OI Stable. Short-term momentum still strong, but 1H indicators are high, Risk/Reward 1.5 is acceptable.
🎯Direction: Long
⚡Entry/Limit Order: 0.598399 - 0.600200
🛑Stop Loss: 0.594198
🚀Target 1: 0.609203
🚀Target 2: 0.613704
🛡️Trade Management: After reaching Target 1, reduce position by 50% and move stop loss to breakeven. If price falls back to entry, exit automatically.
View Real-Time Quote 👇 $VELVET
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