【$VELVET Signal】Pullback to buy, main force clearly intends to support

$VELVET 1H level RSI skyrocketed to 76, indicating overheated buying momentum. The 4-hour Bollinger Band upper band at 0.0857 acts as resistance, but the MACD double lines are still above zero, so the trend remains intact. Market data is interesting; buy orders' depth far exceeds sell orders, with a large number of buy orders accumulated around 0.0838, showing clear support actions by funds.

🎯Direction: Pullback to go long

⚡Entry/Order: Hidden in the 0.0778 - 0.0798 range

🛑Stop Loss: 0.0758

🚀Target 1: 0.0958

🚀Target 2: 0.1038

🛡️Trade Management:
- Execution Strategy: After the price reaches the first target, reduce half of the position, and move the remaining stop loss up to the entry price. If the price cannot stay above 0.084 and falls back, consider exiting early.

Position size remains stable, not increasing significantly with price surge, indicating it’s not purely driven by emotional FOMO. The 1-hour price has already moved away from the moving averages, making chasing the rise with poor risk-reward unfavorable. Be patient for a healthy pullback. The area below 0.078-0.080, combined with previous high points of multiple hourly candles and 4-hour EMA support, is an ideal sniper position. Current rates are normal, with no obvious liquidation risk.

Check real-time quotes 👇 $VELVET
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL