$VELVET Signal】1H rebound resisted, short-term shorting


$VELVET 1H RSI 58.45, upper Bollinger Band 0.6066 resistance not touched; buying volume continued to shrink after surging at 11:00; 4H MACD golden cross but momentum bar narrowing, selling pressure gradually emerging at highs.
🎯Direction: short
⚡Entry/Pending order: 0.56729 - 0.56900
🛑Stop Loss: 0.57469
🚀Target 1: 0.56046
🚀Target 2: 0.55620
🛡️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 principal.
Deep logic: OI stable but negative funding rate persists, short dominance but no short squeeze triggered; 1H MACD bar shrinking, upward momentum fading. Current risk-reward ratio 1.5x, strictly stop loss for short-term short positions.
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