$VELVET Signal | Bullish momentum continues, 1H breakout imminent


$VELVET Daily RSI skyrocketed to 87.48, short-term accumulated profits are starting to loosen. 4H Bollinger Band upper resistance at 1.7917, buy/sell depth ratio 0.81, high-level turnover evident. 1H MACD histogram turned negative, but volume hasn't significantly shrunk, indicating bulls are still actively absorbing selling pressure.
🎯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: After reaching Target 1, reduce position by 50% and move stop loss to breakeven. If price falls back to entry level, exit automatically to protect principal.
Funding rate 0.0517% is low, short squeeze risk is manageable. Current liquidity is concentrated in the pending order zone, so a light position snipe is sufficient. Risk-reward ratio near 1.5, worth a try.
View real-time quotes 👇 $VELVET
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VELVET29.79%
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