$VELVET Signal - 1H MACD bullish + negative funding rate, scalp long setup

$VELVET Depth deficit -23.43%, sell-side orders on the book are noticeably thicker. The 1H MACD histogram is still expanding, and bullish momentum hasn’t waned. Price has pulled back from 0.58 to around 0.53; bids are building a defense line in the 0.50-0.51 area. This combination of capital flow and momentum typically attracts follow-through after a pullback confirmation.

🎯 Direction: long

⚡ Entry: 0.529806 - 0.531400

🛑 Stop loss: 0.504830

🚀 Target 1: 0.571255

🚀 Target 2: 0.591182

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

1H RSI 62.58 is still far from overbought; the 4H MACD fast and slow lines have crossed upward. Even though depth is somewhat bearish, the price is holding up, and the negative funding rate implies short-side capital costs are higher. Once shorts get squeezed, the upside room could be substantial.

Check live market 👇 $VELVET
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