【$VELVET Signal】Strong 1H breakout + MACD expansion, bulls continue their offensive

$VELVET Six consecutive bullish candles on the 1H, with price surging straight to the Bollinger upper band at 0.6343. RSI 77.76 has entered the overbought zone. On the 4H MACD histogram, bars of 0.0185 continue to expand; buy pressure depth of 0.89 shows sellers have a slight edge, but price is still hard-pressing upward. This trade has a risk-reward ratio of 1.5, worth a shot, but the overbought zone warrants caution for a sudden pullback.
🎯Direction: long
⚡Entry/Limit orders: 0.626714 - 0.628600
🛑Stop loss: 0.597170
🚀Target 1: 0.675745
🚀Target 2: 0.699317
🛡️Trade management:
- Execution strategy: After reaching target 1, cut position by 50% and move the stop loss up to breakeven. If price falls back to the entry level, automatically exit to protect the principal.
Although the 1H trading volume keeps increasing, most buy orders are passive “market buys,” and the funding rate is extremely low—no sign of overheating. Dense limit orders around 0.597 form short-term support. After breaking 0.6343, there’s a high probability of momentum pushing upward, but the overbought area shouldn’t be chased with heavy position sizing.
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