$VELVET Signal: 1H bullish comeback, funding rate neutral


RSI 14 surged to 90, sell-side depth imbalance -54.81%, but funding rate only 0.0742%, longs not overcrowded.
1H MACD death cross shrinking, but price rebounded from low of 1.7774 to above 1.86, buy-side ratio rose to 0.55 at 22:00, active support below.
4H Bollinger upper band 2.1374 is clear resistance, short-term breakout needs volume confirmation.
🎯Direction: Long
⚡Entry/Pending Order: 1.85641 - 1.86200
🛑Stop Loss: 1.84338
🚀Target 1: 1.88993
🚀Target 2: 1.90390
🛡️ Trade Management:
- Execution strategy: Reduce 50% position when reaching Target 1, and move stop loss to breakeven. If price falls back to entry, exit automatically to protect capital.
Order book depth shows sell orders piled near upper band, but 1H buy-side actively pushes up. Under this long-short battle, risk-reward ratio is decent. Short-term, just defend with stop loss.
View real-time quotes 👇 $VELVET
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