$VELVET Signal】1H pullback to EMA20, 4H Bollinger Bands opening bullish structure


$VELVET 1H MACD forms a bearish cross, but price is still holding above EMA20 (current 0.575). There is a dense concentration of limit orders around 0.58, and the sell-side is being consumed quickly. RSI 1H 58.39, not yet in the overbought zone. On 4H, the upper Bollinger Band at 0.6323 is opening upward, and the medium-term trend is slightly bullish. Funding rate 0.005%, no signs of overheating.
🎯Direction: Long
⚡Entry/limit orders: 0.5988 - 0.6006
🛑Stop-loss: 0.5946
🚀Target 1: 0.6096
🚀Target 2: 0.6141
🛡️Trade management: After reaching target 1, cut position by 50% and move the stop-loss up to breakeven. If price falls back to the entry zone, exit automatically to protect principal.
Current risk-reward ratio is 1.5, within a reasonable gambling range. After the prior rally, there was low-volume consolidation; a second breakout with volume is worth paying attention to.
Check real-time market data 👇 $VELVET
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VELVET17.49%
BTC-0.32%
ETH0.26%
SOL-1.20%
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