【$VELVET Signal】Long position staged: 1H range rebound for accumulation + fund backstop

0.6122-0.6141 is a dense buy limit order zone, with buy orders continuously stepping in; clear signs of a fund backstop. On the 4H Bollinger Bands, the middle line at 0.5072 is far below the current price, and the bullish upward channel remains intact. On 1H, the MACD green bars are shrinking but have not broken below the zero axis; price is consolidating horizontally to absorb sell pressure.

🎯Direction: Long

⚡Entry/Orders: 0.612258 - 0.614100

🛑Stop loss: 0.607959

🚀Target 1: 0.623311

🚀Target 2: 0.627917

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

Deeper logic: During the ongoing 1H horizontal consolidation at the low-to-mid range, the stacked pending order volume is accumulating, and the holding strength is stronger than the sell pressure above. The 4H RSI at 61 is in a healthy range and has not become overheated. The funding rate is 0.005%, which is relatively low; there is no short-term squeeze risk, and the risk-reward ratio is reasonable.

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