【$VELVET Signal】Go long | Break above the Bollinger upper band on the 1H + bullish MACD expansion on the 4H

$VELVET On the 1H timeframe, it broke above the Bollinger upper band to 0.6179, with trading volume of 315 million expanding continuously. RSI (1H) is 75.3, and the MACD histogram on 4H at 0.0170 is still expanding. The order book buy-side depth ratio is 56%, the funding rate is 0.005% (low), and there is no short-squeeze pressure.
🎯Direction: Go long
⚡Entry/Limit order: 0.606276 - 0.608100
🛑Stop loss: 0.602019
🚀Target 1: 0.617221
🚀Target 2: 0.621782
🛡️ Trade management:
- Execution strategy: After reaching Target 1, reduce position size by 50%, and move the stop loss up to breakeven. If the price falls back to the entry zone, automatically exit to protect principal.
The 4H MACD signal line at 0.0032 is far below the DIF at 0.0202, meaning bullish momentum hasn’t exhausted yet. However, the 1H MACD histogram has shrunk from 0.0170 to 0.0086, so chasing higher should be cautious about a pullback. The current reward-to-risk ratio is about 1.5, and the stop-loss distance is under 1%, so the risk is manageable.
Check live market 👇 $VELVET
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