[$VELVET Signal] Long pullback confirmed, 1H volume supports bottom


$VELVET 1H volume surged to 46.51 million at 00:00, buy ratio 0.55. The 4H Bollinger upper band at 1.5750 has been pierced, pulling back near EMA20. 1H MACD death cross but histogram narrowing, short squeeze nearing end.
🎯Direction: Long
⚡Entry/Pending order: 1.514144 - 1.518700
🛑Stop loss: 1.442765
🚀Target 1: 1.632602
🚀Target 2: 1.689554
🛡️Trade Management: - Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to breakeven. If price falls back to entry, exit automatically to protect principal.
1H RSI 63.96 not overbought, clear support from buying in the 1.44-1.50 range. Funding rate 0.0687% neutral, OI stable, no large-scale long position exits. Current risk-reward ratio ~1.5, stop loss distance 5% manageable.
View real-time quotes 👇 $VELVET
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VELVET79.62%
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