$VELVET Signal】Go Long | 1H Momentum Continues, Deep Support Holds Firm


$VELVET RSI(1H) 86.66, buy-side depth is higher than 3.15, funding rate 0.058% stable. The 1H Bollinger Band upper rail at 1.33 has been effectively pierced; the MACD histogram is accelerating its spread, and the bullish control pace remains intact. Although 4H trading volume is significantly reduced versus the previous candle, OI stays steady, and the market shows no panic sell-off pressure.

🎯Direction: long

⚡Entry / Pending Order: 1.370576 - 1.374700

🛑Stop Loss: 1.360953

🚀Target 1: 1.395320

🚀Target 2: 1.405631

🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce the position by 50% and move the stop loss to breakeven. If price drops back to the entry level, automatically exit to protect principal.

Pushing higher in the overbought zone requires denser buy orders for injections. The current risk-reward ratio is about 1.5. Follow the trend; it’s executable for a short-term trade.

Check real-time quotes 👇 $VELVET
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VELVET137.31%
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