$VELVET Signal: 1H Bollinger Band upper breakout, bullish momentum continues


$VELVET 1H RSI 72.75, 4H Bollinger Band upper 0.8509 has been broken with a large bullish candle. Funding rate 0.0382%, sell depth -2.06% but buy ratio 0.96 remains above 0.5. MACD dual-cycle bullish expansion, 4H histogram 0.0438 continues to enlarge.

🎯Direction: Long

⚡Entry/Limit Order: 0.928805 - 0.931600

🛑Stop Loss: 0.922284

🚀Target 1: 0.945574

🚀Target 2: 0.952561

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

Chasing highs requires caution against pullbacks, but the 4H Bollinger Band opening shows clear intention of capital support. 1H volume has not significantly diminished, and short-term probability of winning favors the upside.

Check real-time market 👇 $VELVET

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