$VELVET Signal | Short-term short position lurking, 1H upper band under pressure

$VELVET 1H MACD golden cross with shrinking volume; on the 4H Bollinger Bands, the upper band at 1.6068 is far above the current price, but the 1H upper band at 0.6066 forms resistance. RSI (1H) is 58.45; the buy depth ratio is 1.06. There are slightly more buy orders, but the funding rate is -0.0056%, which is bearish. The current price at 0.569 is close to the 1H middle band at 0.5005 above it, and the rebound momentum is weakening.

🎯Direction: short

⚡Entry/Place 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 the position by 50% and move the stop loss to breakeven. If the price drops back to the entry level, exit automatically to protect the principal.

Deep logic: Negative funding rate combined with stable OI means short-term rebound lacks follow-through buying capital. The 1H MACD histogram narrows, and the bulls’ attack weakens. Personally, I believe the current risk-reward ratio is reasonable—shorts are setting up and waiting for a breakdown.

View real-time market 👇 $VELVET
---
Follow me: Get more real-time analysis and insights into the crypto market! $BTC $ETH $SOL
‍#gStocks代币化股票上线 #非农爆冷打压加息预期 #预测世界杯巴西VS挪威