$VELVET Signal】Go long — 1H breakout accelerates, 4H bulls continue

$VELVET 1H Bollinger upper band breakout to 0.6122, volume 21 million reaching a recent high. The MACD 1H histogram keeps expanding; after a bullish crossover below the zero line on the 4H MACD, momentum accelerates. The order book buy/sell ratio of 0.82 shows sell-side resting orders are slightly thicker, but the price is being pushed hard by funds; near term, active buy orders have the upper hand.
🎯 Direction: Go long
⚡ Entry/limit order: 0.589726 - 0.591500
🛑 Stop loss: 0.585585
🚀 Target 1: 0.600372
🚀 Target 2: 0.604809
🛡️ Trade management:
- Execution plan: After reaching Target 1, cut 50% position size and raise the stop loss to break-even. If price falls back to the entry zone, exit automatically to protect principal.
With the current 1H RSI at 85.9 already in the overbought area, but trend momentum is still strong. After profit-taking sell pressure is digested in the short term, there is still room for an upswing; the risk-reward ratio remains acceptable.
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