$VELVET Signal 1H high-range consolidation, bullish snipe

$VELVET 1H Bollinger upper band at 1.70 forms resistance, MACD histogram turns negative, 4H MACD lines are converging at high levels, buy orders show gaps at highs. Current price 1.5617 is between the 1H middle band and EMA20, funding rate at 0.075% remains high, but OI is stable, indicating unresolved battle between bulls and bears.

🎯Direction: Long

⚡Entry: 1.557015 - 1.5617

🛑Stop Loss: 1.483615

🚀Target 1: 1.678828

🚀Target 2: 1.737391

🛡️Trade Management: Reduce position by 50% when Target 1 is reached, move stop loss to breakeven; exit if price falls back to entry.

In-depth logic: 1H RSI 66.85 is not overbought, 4H RSI 88.52 is high but this is a short-term snipe, absorbing selling pressure during high-range consolidation. Depth ratio 0.79 shows thicker sell orders, but price has not dropped significantly, with dense support in the 1.30-1.34 area below. The bet here is that 1H-level funds will push again to break the previous high of 1.8. Risk-reward ratio 1.5, stop loss amplitude 5%, in line with intraday volatility.

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