【$VELVET Signal】1H retests the Bollinger middle band; bulls build strength for a rebound

$VELVET RSI 1H falls to 51.91; the 4H upper Bollinger band at 0.5337 caps price, but the middle band at 0.4368 provides support. The 1H MACD bearish momentum histogram narrows; buy orders cluster and accumulate in the 0.49–0.51 range. A depth imbalance of -4.92% indicates sell pressure is being gradually absorbed.
🎯 Direction: Go long
⚡ Entry / limit orders: 0.511860 - 0.513400
🛑 Stop-loss: 0.487730
🚀 Target 1: 0.551905
🚀 Target 2: 0.571157
🛡️ Trade management:
- Execution strategy: After reaching Target 1, cut position by 50% and move the stop-loss up to breakeven. If price falls back to the entry level, automatically exit to protect principal.
Current funding rate is 0.0050%, which is low; long position cost isn’t high, and the 4H uptrend hasn’t been broken, so the risk-reward for short-term trading remains acceptable.
Check live price 👇 $VELVET
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