$VELVET Signal】1H pullback completed, take long in 4H bullish trend

$VELVET RSI 1H 67.9, MACD histogram turns negative, 4H Bollinger Upper Band 1.7927 resistance but middle band 0.9015 far below, bullish channel remains intact. Order book depth imbalance -27.23%, sell orders piled up, but funding rate 0.0522% is in normal range, no signs of short squeeze. Current price has retreated from 1.6776 to around 1.634, with EMA20 1H support near 1.557 below, buying pressure accumulating.
🎯Direction: long
⚡Entry/Pending order: 1.634382 - 1.639300
🛑Stop loss: 1.557335
🚀Target 1: 1.762247
🚀Target 2: 1.823721
🛡️Trade management: - Execution strategy: When Target 1 is reached, reduce position by 50% and move stop loss to breakeven. If price falls back to entry, exit automatically to protect principal.
4H momentum not exhausted, 1H pullback with declining volume, short-term sniper trade risk-reward reasonable. Betting on continuation of bounce, if stop loss is hit then give up, don't fight the trend.
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