$VELVET Signal】1H breakout confirmed, bullish continuation

$VELVET 1H RSI 66.87, buy-side depth advantage 12.42%, funding rate negative at -0.0110% suggests pressure on shorts. 4H MACD histogram continues to expand, and short-term momentum shows no signs of weakening. After the current price ranges and consolidates, it tests the 0.55 level again; the downside 0.5259 stop-loss is clear. Risk-reward ratio is about 1:1.5, with ample room to operate.
🎯Direction: long
⚡Entry/limit order: 0.551939 - 0.553600
🛑Stop-loss: 0.525920
🚀Target 1: 0.595120
🚀Target 2: 0.615880
🛡️Trade management: - Execute strategy: after reaching Target 1, cut 50% of the position and move the stop-loss up to breakeven. If the price drops back to the entry level, automatically exit to protect principal.
Depth logic: After a 4H big bullish candle, a pullback to around 0.48 found support, followed by consecutive 1H small bullish candles pushing prices higher. The funding rate is negative and OI remains stable—short-squeeze conditions are not yet ripe, but there is still a possibility. In the short term, watch whether 0.5650 resistance breaks; if there is increased volume, Target 1 becomes attainable.
View live price 👇 $VELVET
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