$VELVET Signal】Long Oversold Bounce + 1H RSI Bottom


$VELVET 1H RSI dropped to 38.5, buy-side depth ratio 1.11 shows dense orders below. 4H MACD bull bars are narrowing, but price has left the lower Bollinger Band at 1.5149. The last 1H bearish candle had volume of 30.07M, and after selling pressure was digested, the current price 1.4536 shows signs of stabilization. Current risk-reward ratio 1.5, stop loss set at 1.3928, risk controllable.

🎯Direction: long (go long)

⚡Entry/Limit order: 1.4492 - 1.4536 (current price zone or dip entry)

🛑Stop Loss: 1.3928

🚀Target 1: 1.5448

🚀Target 2: 1.5904

🛡️Trade Management:
- Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to breakeven. If price falls back to entry, exit automatically to protect capital.

Deep logic: 1H RSI oversold zone combined with bounce from lower Bollinger Band, funding rate 0.045% normal, OI stable. Short covering may trigger a squeeze, first target to be taken first.

View real-time quotes 👇 $VELVET
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