$VELVET Signal】Long | Funding rate surge combined with short squeeze expectation

$VELVET Funding rate 0.0754%, shorts are being squeezed. The 4H Bollinger Band upper rail is at 1.5853, price is running close to it, buying pressure has not subsided. The 1H MACD histogram has contracted to negative values, but the price quickly recovered after retracing to EMA20, showing sufficient support. Depth negative bias -11.74%, sell orders are thick, but buyers are actively eating through and breaking out, with clear intent. Objectively speaking, under the high funding rate environment, the short covering momentum remains, and the risk-reward ratio is acceptable.
🎯Direction: long
⚡Entry/Limit order: 1.557015 - 1.561700
🛑Stop loss: 1.483615
🚀Target 1: 1.678828
🚀Target 2: 1.737391
🛡️Trade management: - Execution strategy: After reaching target 1, reduce position by 50% and move stop loss to breakeven. If price falls back to entry, automatically exit to protect principal.
View real-time market 👇 $VELVET
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