[$VELVET Signal] Long · 1H Consolidation awaiting breakout


$VELVET 4H RSI 86, momentum declining noticeably. 1H consolidating on low volume near EMA20, long-short tug-of-war. Order book sell pressure slightly heavy (depth imbalance -5.31%), but price hasn't broken down, funding rate 0.052% neutral, longs still resilient. Current risk-reward ratio 1.5, worth a try.
🎯Direction: Long
⚡Entry / Limit Order: 1.359110 - 1.363200
🛑Stop Loss: 1.295040
🚀Target 1: 1.465440
🚀Target 2: 1.516560
🛡️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.
View real-time quotes 👇 $VELVET
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VELVET124.25%
BTC-0.02%
ETH-0.25%
SOL-1.90%
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