【$VELVET Signal】Go long — Buy-side depth leading + 1H support confirmed

$VELVET Bid/Ask depth ratio is 1.5, with buy orders placed exceeding sell orders by 20%. The 1H MACD histogram has shortened for two consecutive cycles; bullish momentum is weakening, but the price has not broken the 0.57 support. The 4H Bollinger middle band at 0.492 provides medium-term support. Current price 0.571 is above the middle band, and the funding rate is 0.005%, which is relatively low. Near 0.57, buyers are actively taking positions; for a short-term pullback into this range, enter. Stop loss: 0.5659. Targets: 0.58 / 0.5845. Risk/reward is about 1.5, suitable for quick in-and-out.
🎯Direction: Long
⚡Entry/Limit order: 0.569885 - 0.571600
🛑Stop loss: 0.565884
🚀Target 1: 0.580174
🚀Target 2: 0.584461
🛡️Trade management:
- Execution strategy: After reaching Target 1, cut 50% of the position, and move the stop loss up to breakeven. If the price falls back to the entry level, automatically exit to protect principal.
Depth logic: 4H OI is stable, funding rate shows no anomalies, and the main players are not controlling the market. 1H RSI 57.67 is neutral-to-strong and not overbought. Order book buy-side support is clearly visible, but there is dense sell-side pressure above 0.6; a breakout needs increased volume. The current risk/reward is acceptable, so execute the limit order strategy.
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