【$VELVET Signal】Go long + bid support around 0.598

$VELVET Orders in the 0.5974-0.5983 range are thick on the bid side; sell-side depth is -19.3%, but the price is still pushing up hard. The bulls actively eat the orders, and sell pressure is quickly absorbed. This kind of strong pickup structure is often accompanied by a sudden surge, but the short-term risk-reward ratio of 1.5 is worth a trade.

🎯 Direction: long

⚡ Entry/Orders: 0.5974-0.5983

🛑 Stop-loss: 0.5923

🚀 Target 1: 0.6073

🚀 Target 2: 0.6118

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

Depth logic: OI is stable, and there are no abnormal funding fees—at this time, the long side’s control tempo is clearly evident. Around 0.598 is the short-term pivot between long and short. Once it accelerates and breaks above 0.6, short stop-loss orders will drive the price higher.

View live market data 👇 $VELVET
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