$VELVET Signal: 1H surged and fell back, long defense level clear


$VELVET After the 1H Bollinger upper band 1.6915 was broken, it quickly retraced. Current price 1.5245, bid depth ratio 0.47, sell orders dominate significantly. 4H MACD histogram 0.1022 is shrinking continuously, momentum weakening. 1H RSI 73.41, not in extreme overbought zone, still has buffer. Funding rate 0.0742% is high but not out of control, OI stable with no abnormal changes.

🎯Direction: long

⚡Entry/limit: 1.519926 - 1.524500 (directly place order near current price)

🛑Stop loss: 1.509255

🚀Target 1: 1.547368

🚀Target 2: 1.558801

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

Personal tolerance for a 1.5 risk-reward ratio is high, stop loss only 1% away, suitable for short-term rebound plays. Depth is bearish but the bullish trend is unbroken; 1.509 is a recent key support. If held, the probability of a rebound is high.

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