[$VELVET Signal] Go long on the 1H retest of the support zone

$VELVET 4H MACD histogram at 0.0976 has been continuously shrinking. The 1H MACD death cross has been confirmed, and short-term buy-side momentum has weakened. The funding rate of 0.0637% is relatively high, increasing the cost for long positions, but OI remains stable and there are no signs of withdrawal. The current price is oscillating in a narrow range around 1.58. The 1H Bollinger upper band at 1.6319 provides short-term pressure, while the lower band at 1.2479 provides a buffer against a deep drop.

🎯Direction: Long

⚡Entry / Place limit order: 1.579049 - 1.583800

🛑Stop Loss: 1.567962

🚀Target 1: 1.607557

🚀Target 2: 1.619436

🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce the position by 50% and move the stop loss up to breakeven. If the price falls back to the entry level, automatically exit to protect the principal.

Deep Logic: The risk-reward ratio is 1.5, and there is still room for a short-term rebound. 1H RSI 66.76 is in a neutral-to-strong zone and is not overheated. The order book depth imbalance of -21.11% suggests that sell-side orders are thin; once funds return, it is easier to sweep upward. While the funding rate is high, it is not extreme, making short-term trading games acceptable.

Check the live market 👇 $VELVET
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