【$VELVET Signal】1H momentum breakout, bulls gain strength

$VELVET On the 1H Bollinger Band, the upper band was breached, trading volume expanded in a stepwise manner, and the MACD histogram bars continue to widen. The order book depth buy-side ratio is 1.24, showing clear signs of capital support. The 4H MACD has just completed a bullish crossover and expanded, and trend continuation remains in play. RSI 1H 85.35 has entered the overbought zone; short-term profit-taking should be watched for, but the current buy-side structure is stable, and going long in line with the trend has a higher win rate.

🎯Direction: long

⚡Entry / Place order: 0.6876 (enter directly within the current price range)

🛑Stop loss: 0.6532

🚀Target 1: 0.7392

🚀Target 2: 0.7650

🛡️ Trade management:
- Execution strategy: Once Target 1 is reached, reduce position size by 50%, and move the stop loss up to breakeven. If the price drops back to the entry level, exit automatically to protect principal.

Deep rationale: The funding rate is 0.014%, neutral to slightly low; open interest is stable, and downside pressure from shorts is limited. Two consecutive strong bullish candles on the 1H accompanied by buy-side premium clearly show the bulls’ active intent to push upward. In an overbought state, chasing the rally must tolerate short-term volatility, but the risk-reward ratio of 1.5 has value for trading.

View live market data 👇 $VELVET
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