[$VELVET Signal] Long | 1H Retracement Support Confirmed


$VELVET 4H RSI 87.48, Bollinger Upper Band 1.7917 resistance. 1H MACD histogram -0.0095, bearish momentum fading. 1H candle closed above Bollinger Middle Band 1.4626, with continuous buying support below. Funding rate 0.0517% not overheated, OI stable. Risk-reward ratio 1.5, high probability of short-term bounce to test previous high.

🎯Direction: Long

⚡Entry/Pending Order: 1.634980 - 1.639900

🛑Stop Loss: 1.623501

🚀Target 1: 1.664499

🚀Target 2: 1.676798

🛡Trade Management:
- Execution Strategy: Reduce position by 50% upon reaching Target 1, and move stop loss to breakeven. If price falls back to entry, exit automatically to protect capital.

Deep Logic: 4H MACD golden cross continues but histogram shrinking, short-term consolidation to absorb overbought. 1H Bollinger bands narrowed, price holds above middle band, sell pressure quickly absorbed. Pending order zone close to current price, targeting retracement confirmation level.

View real-time quotes 👇 $VELVET
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VELVET23.58%
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