【$VELVET Signal】 Long - 4H MACD bullish divergence weakening, 1H range consolidation awaiting breakout

$VELVET 4H RSI at 86 high, MACD histogram narrowing for three consecutive bars. 1H Bollinger Bands contracting, price consolidating in 1.31-1.37 range. Depth sell orders slightly dominant, but OI stable. 1H MACD fast and slow lines nearing zero axis and converging, short-term direction brewing.

🎯Direction: Long

⚡Entry/Pending Order: 1.3632

🛑Stop Loss: 1.2950

🚀Target 1: 1.4654

🚀Target 2: 1.5166

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

Current risk-reward ratio is about 1.5, reasonable short-term speculative space. Market sentiment swings between euphoria and calm; need to observe whether 1H can hold above 1.37 to open upside potential.

View real-time quotes 👇 $VELVET
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