$VELVET Signal: 1H momentum continuation, pending long order


$VELVET 1.5245, RSI(1H) 73.41 remains in upward trajectory, MACD histogram 0.0007 continues expanding. Buy orders are concentrated in the 1.51-1.52 range, with decent support below. The 4H Bollinger Band upper rail at 1.5764 remains unbroken, and sell depth -36% creates short-term pressure. Battling at these levels, a risk-reward ratio of 1.5 is not extravagant.

🎯Direction: long

⚡Entry/Pending Order: 1.519926 - 1.524500

🛑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 the price falls back to entry, exit automatically to protect principal.

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ybaser
· 1h ago
Just go for it 👊
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