【$VELVET Signal】Multiple retracements, market support intentions exposed

$VELVET 1H timeframe high-level oscillation, RSI soaring to 88, buying pressure gaps. On the 4H Bollinger upper band near 0.0919, selling pressure appears, but below at 0.0903 to 0.0905 zone, the order wall is extremely thick, fully revealing the capital support intention. 1H MACD shows a death cross, short-term momentum exhausted, but deep imbalance at -19.56%, so the bears cannot push it down.

🎯Direction: Retracement to go long

⚡Entry: When retesting the lower boundary of 0.07625 - 0.09019 zone, gradually accumulate positions.

🛑Stop loss: 0.07104

🚀Target 1: 0.08667

🚀Target 2: 0.09188

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

The buy wall in the order book far exceeds the sell wall, which is genuine defense. The 4H level just broke through the long-term downtrend line with increased volume; after releasing emotion, a healthy pullback is needed. The current risk-reward ratio isn't perfect, but the structure of capital support is more convincing than just technical indicators. Under this depth, the probability of a V-shaped reversal is greater than a deep retracement.

Check real-time market 👇 $VELVET
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