【$VELVET Signal】Go long · 1H buy orders replenish + 4H Bollinger middle band as support

$VELVET The $VELVET
0.4817 area showed strong buying absorption beyond expectations. After the 1H close stabilized at 0.4850, it surged to 0.502, and the short defense instantly collapsed. The 4H Bollinger middle band at 0.4783 forms an effective support. While the MACD histogram is contracting, it has not turned negative, leaving room for a second push by the bulls.
🎯 Direction: Go long
⚡ Entry/Orders: 0.500095 - 0.501600
🛑 Stop-loss: 0.476520
🚀 Target 1: 0.539220
🚀 Target 2: 0.558030
🛡️ Trade management:
- Execution strategy: After reaching target 1, cut 50% position, and move the stop-loss up to break-even. If price falls back to the entry area, automatically exit to protect principal.
The 1H swing buy orders have increased for two consecutive hours. The funding rate is slightly positive, indicating a mild bullish sentiment. The order book sell depth of 0.75 looks somewhat weak. Under this structure, breaking the previous high at 0.594 is just a matter of time—the upside elasticity is sufficient.
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