【$VELVET Signal】Long｜4H bullish continuation, buy on 1H pullback

$VELVET Sell depth accounts for 48%, funding rate at 0.0815% is relatively high, but 4H MACD remains in bullish territory, histogram starting to contract, 1H RSI 65 pulls back to near the middle band, Bollinger Bands narrowing, short-term long-short battle is dense. Under depth imbalance, buy-side support is questionable, but the 4H moving average system is in a bullish alignment providing support, and 1H shows strong rebound intent after retesting EMA20. Current risk/reward ratio is close to 1.5, stop loss distance is reasonable, suitable for small positions to bet on rebound continuation.

🎯Direction: long

⚡Entry/Limit Order: 1.850631 - 1.856200

🛑Stop Loss: 1.837638

🚀Target 1: 1.884043

🚀Target 2: 1.897965

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

1H MACD histogram is expanding negative but the fast and slow lines have not yet crossed into a death cross, 4H Bollinger Bands middle band has moved up to 1.1761, price is far from the middle band, indicating a need for pullback repair. Depth data shows obvious sell order accumulation. If price breaks through the 1.90 level with volume, short covering will fuel the next rally. Conversely, if it falls below 1.8376, the bullish structure will be invalidated, requiring a timely exit.

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