【$VELVET Signal】Long: 4H Bollinger upper band breakout and pullback confirmation, 1H MACD bearish contraction in volume

$VELVET The depth imbalance is 1.21, with a net buy-side order book pressure of 9.60%. After the 4H Bollinger upper band at 0.6302 was just tested, it pulled back; the current price is 0.589, holding above EMA50 (0.5815). The 1H MACD bearish momentum histogram is starting to narrow, and RSI 57.7 is not overbought. Short-term pressure persists, but buying support below is solid; amid a stalemate between bulls and bears, the bulls have a slight edge. The current risk-reward ratio is about 1.5, worth taking a shot.

🎯Direction: Long

⚡Entry/limit orders: 0.58723 - 0.58900

🛑Stop loss: 0.55955

🚀Target 1: 0.63317

🚀Target 2: 0.65526

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

4H OI is stable, and the fee rate of 0.005% is relatively low, with no short-squeeze risk. After the 1H Bollinger bands tighten, price stabilizes around the middle band; bullish capital has not withdrawn. The only concern is that the buy-to-sell order ratio in the past few hours has fallen from 0.51 to 0.45, but depth indicators still show the buy side is thick. Wait for a volume-backed breakout above 0.62 to confirm acceleration.
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