【$VELVET Signal】Go long — before 1H momentum exhaustion, longs take the bag

$VELVET RSI 1H 69.12 is nearing the overbought zone; MACD histogram shrank with volume to 0.0074, and long momentum is slowing. On 4H, the upper Bollinger band at 0.6111 is suppressing price; order-book imbalance of -39.8% indicates the seller side has weaker sell orders, with a clear intention of capital propping.
🎯Direction: long
⚡Entry / pending order: 0.601889 - 0.603700
🛑Stop loss: 0.597663
🚀Target 1: 0.612756
🚀Target 2: 0.617283
🛡️Trade management: - Execute strategy: after reaching Target 1, cut position by 50% and move the stop loss up to break-even. If price falls back to the entry zone, automatically exit to protect principal.
Around 0.6037, turnover is dense; after 1H volume increases stepwise and then narrows, the short-term long-vs-short battle is approaching its end. Current risk-reward ratio is 1.5; stop-loss distance is about 1%, suitable for a light-position play.
Check real-time prices 👇 $VELVET
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