【$VELVET Signal】1H breaks above the Bollinger Band upper track, bulls extend with increasing volume

$VELVET 1H RSI surged to 77.76; the Bollinger Band upper track 0.6041 was continuously pierced. The current price 0.6286 has held above the 4H upper track. MACD expands across two cycles, and buy-side momentum has not waned. The order book sell pressure of -5.9% was quickly absorbed; the funding rate is nearly zero, with no signs of overheating. Current risk-reward ratio is 1.5. Short-term momentum is worth following up, but note that at high levels a sudden pullback may test support.
🎯Direction: Long
⚡Entry/limit orders: 0.626714 - 0.628600
🛑Stop loss: 0.597170
🚀Target 1: 0.675745
🚀Target 2: 0.699317
🛡️ Trade management: - Execute strategy: After reaching Target 1, cut 50% position, and move the stop loss up to breakeven. If price falls back to the entry area, automatically exit to protect principal.
View live market 👇 $VELVET
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