【$VELVET Signal】Longs pull back and then re-enter + 1H Bollinger Band midline support

$VELVET After the upper Bollinger Band at 0.6403 was hit by a long-side push and then fell back, the 1H RSI slipped from the overbought zone to 59.82, and buy-side depth of 1.37 indicates there are still resting bids below. The 4H MACD histogram bars shrank from 0.0170 to 0.0037, and momentum decay is obvious. The current price 0.5773 is hovering right by the EMA50, and bearish selling pressure has not expanded to a volume-acceleration level. Personally, I think buying at this point is a low-odds trade-off, but the stop-loss is clear and the risk-reward ratio is still acceptable.

🎯 Direction: Long

⚡ Entry/Orders: 0.57627 - 0.57800

🛑 Stop-loss: 0.57222

🚀 Target 1: 0.58667

🚀 Target 2: 0.59101

🛡️ Trade management:
- Execution strategy: After reaching Target 1, reduce 50%, and move the stop-loss up to breakeven. If price falls back to the entry range, automatically exit to protect principal.

Depth logic: 1H trading volume is contracting for adjustment, funding rate at 0.005% stays low, and there are no signs of a short squeeze. If longs can hold EMA50 and the Bollinger Band midline, the bounce targets could be near the prior high around 0.64. If it directly breaks down through 0.57222 with heavy volume, the long structure will be completely dismantled.

Check real-time market data 👇 $VELVET
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