$VELVET Signal: 1H breakout accelerates, bulls continue


$VELVET 1H RSI 85.35, MACD bullish divergence accelerates; the 4H Bollinger Bands upper track at 0.5840 has been decisively broken through on increased volume, currently at 0.6876. Buy-side depth is stacked, the funding rate is 0.014% and normal, with no overheated sell-pressure. The overbought zone needs caution for a pullback, but momentum is sufficient, stop-loss is controllable, and the risk-reward ratio of 1.5 is acceptable.

🎯Direction: long

⚡Entry/Orders: 0.685537 - 0.687600

🛑Stop-loss: 0.653220

🚀Target1: 0.739170

🚀Target2: 0.764955

🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce positions by 50% and move the stop-loss up to breakeven. If price falls back to the entry level, exit automatically to protect principal.

Orders on the book are concentrated; the price rebounds quickly, and the short-term still has upside impact.

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