【$VELVET Signal】Short 1H indicator divergence + high-level selling pressure

$VELVET 1H MACD histogram is converging, price rebounded to around 0.569, buy-side depth ratio 1.41 but volume hasn't increased in sync. 4H RSI is only 34.24, bearish momentum has not been fully released.

🎯Direction: short

⚡Entry/Limit Order: 0.56729 - 0.56900

🛑Stop Loss: 0.57469

🚀Target 1: 0.56046

🚀Target 2: 0.55620

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

Deep Logic: Funding rate is negative -0.0323%, short position holding cost is low, but the 4H Bollinger Band lower band at -0.1217 still provides room below. There is short-term sell order buildup near the 0.569 area, with a risk-reward ratio of about 1.5, which is acceptable for intraday shorts.
View real-time market 👇 $VELVET
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