【$VELVET Signal】Go long | Limit order support in the deep waters of the order book

$VELVET The buy/sell depth ratio is 0.68. The buyer’s resting orders are thin, but the price is pushed upward against the trend to 0.5983, exposing clear intent of funds actively sweeping orders. 1H/4H moving average data is currently unavailable, but in the short term the price has continuously tested the overhead supply zone, showing strong bullish attack intent.

🎯 Direction: Go long

⚡ Entry/Limit orders: 0.597403 - 0.598300

🛑 Stop loss: 0.592317

🚀 Target 1: 0.607274

🚀 Target 2: 0.611762

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

The bid-side support around 0.598 is acceptable, but the depth structure shows a high-pressure sell zone; in short-term ranging, act fast with quick in-and-out. After a break above 0.607, upside space will truly open; otherwise, a pullback toward the 0.592 support may occur.

Check real-time market data 👇 $VELVET
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