$VELVET Signal】Long: 1H bullish continuation, buy-side depth is dominant


$VELVET The 1H MACD histogram keeps expanding, and selling pressure around 0.5399 is quickly absorbed. BSR 1.39 shows a dense cluster of resting orders below, indicating strong intent to support with capital. RSI 63 is not yet in the overbought zone, and upside still remains.

🎯Direction: Long

⚡Entry/Orders placed: 0.536087 - 0.537700

🛑Stop-loss: 0.532323

🚀Target 1: 0.545765

🚀Target 2: 0.549798

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

Depth logic: The 4H Bollinger Band upper band at 0.5673 is still some distance away. Although volume is shrinking, OI remains stable, and short-term bullish momentum has not faded. A local support forms around 0.52; setting the stop-loss at 0.5323 is reasonable, and the risk-reward ratio of 1.5 is acceptable.
Check real-time market 👇 $VELVET
---
Follow me: Get more real-time crypto market analysis and insights!
#PreIPOs第二期OpenAI认购 #LAB两日腰斩53% $BTC $ETH $SOL
VELVET-10.08%
LAB-18.12%
BTC2.57%
ETH4.34%
SOL2.39%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments