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【$VELVET Signal】Bullish continuation, 1H momentum not exhausted
$VELVET 1H MACD histogram expanding positively, price firmly above EMA20_1h (1.7989). 4H RSI touched 91, funding rate 0.0844%, OI stable – bulls haven't exited yet. Order book bid depth only 4.27% behind, limited selling pressure.
🎯Direction: Long
⚡Entry / Pending Order: 2.000481 - 2.006500
🛑Stop Loss: 1.986435
🚀Target 1: 2.036598
🚀Target 2: 2.051646
🛡️Trade Management: - Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to breakeven. If price falls back to entry, automatically exit to protect principal.
Taking long at a high level requires tightening the stop loss distance. Risk-reward ratio of 1.5 is acceptable. If 1H closes below 1.97, abandon this plan.
View real-time prices 👇 $VELVET
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