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【$VELVET Signal】Long + 1H consolidation accumulating strength, deep buy orders supporting the bottom
$VELVET Deep buyer order premium 11%, bid/ask ratio 1.25. 1H MACD death cross but histogram narrowing, price hovering above EMA20, selling pressure being quickly absorbed. 4H Bollinger Bands opening upward, bullish structure intact.
🎯Direction: long
⚡Entry/Limit order: 1.76768 - 1.77300
🛑Stop Loss: 1.75527
🚀Target 1: 1.79960
🚀Target 2: 1.81289
🛡️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 principal.
Current risk-reward ratio is about 1.5, short-term capital is still actively pushing up, worth a bet on acceleration.
View real-time quotes 👇 $VELVET
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