【$VELVET Signal】Negative funding rate + 1H choppy upward trend—go long for a squeeze

$VELVET After a 4H big bullish candle, volume tapered off and a low-volume pullback followed. The 1H has been stepping higher; around 0.546, buy-side orders are continuously absorbing sell pressure. Funding rate -0.011%, OI stable, squeeze conditions are taking shape. Order book imbalance is -12.42%, with limit orders tilted toward the buy side. 1H RSI 66.87 is not overheated; MACD red histogram bars are shrinking, but multi-timeframe alignment is still bullish.
🎯Direction: Go long
⚡Entry/Limit orders: 0.551939 - 0.553600
🛑Stop loss: 0.525920
🚀Target 1: 0.595120
🚀Target 2: 0.615880
🛡️Trade management:
- Execution strategy: After reaching Target 1, cut 50%, and move the stop loss up to breakeven. If price falls back to the entry level, exit automatically to protect principal.
Depth logic: The 4H Bollinger upper band at 0.5706 forms short-term resistance, but 1H shows firm buy-side follow-through. With a negative funding rate, short positions have higher holding costs; once 0.57 breaks, the move will accelerate. There may be a large accumulation of short orders around 0.6061—actual order book data doesn’t show it clearly, but the depth ratios have exposed demand. Stay alert: if it breaks below 0.538, the structure will be damaged.
Check live market 👇 $VELVET
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