$VELVET Signal | 1H upward momentum weak, bears ambush


$VELVET Current price 0.4173, 1H volume shrinks to 1.14 million, MACD histogram shrinks for three consecutive bars. 4H Bollinger Band middle line 0.4628 far above current price, rebound space limited but momentum exhausted. Order book Bid/Ask depth ratio 1.31, buy order accumulation remains dense, but price cannot effectively break through the 0.42 resistance zone. Funding rate 0.0050% neutral, OI stable with no increase.

🎯Direction: short

⚡Entry/Order: 0.416048 - 0.417300

🛑Stop Loss: 0.421473

🚀Target 1: 0.411041

🚀Target 2: 0.407911

🛡️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.

Short-term upward attack faces resistance with volume-price divergence, below 0.41 is the 4H previous low support, risk-reward ratio 1.5, worth a try. If it breaks below 0.4, further space may open up.

View real-time market 👇 $VELVET
---
Follow me: Get more real-time crypto market analysis and insights!
#GUSD年化升至3.8% $BTC $ETH $SOL
VELVET-4.75%
GUSD-0.02%
BTC-1.94%
ETH-1.82%
SOL-3.69%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned