【$VELVET Signal】Multiple pullbacks, clear intention to support the bottom of the market

$VELVET 1H high-level consolidation, buying depth significantly better than selling. The upper band of the 4H Bollinger Bands around 0.0919 forms resistance, but the order wall from 0.0903 to 0.0905 below is very thick, fully exposing the capital support intention. The 1H MACD shows a death cross, but the price refuses to dip deeply, which is a characteristic of strong consolidation.

🎯Direction: Pullback to go long

⚡Entry: Within the 0.07625 - 0.09019 range, current price around 0.09048 can be entered in batches.

🛑Stop loss: 0.07104

🚀Target 1: 0.08667

🚀Target 2: 0.09188

🛡️Trade management: - Execute strategy: After the price reaches 0.08667, halve the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.0905, consider exiting early.

Order book data shows the buy wall is much thicker than the sell wall, with a depth imbalance of -19.56%, a typical capital support behavior. Although the 1H RSI is near 70, after a volume breakout on the 4H level followed by a pullback with reduced volume, open interest remains stable, and bulls have not retreated. The 0.04% funding rate is not high, with no obvious short squeeze risk. Under this structure, the price is unlikely to break through the dense trading zone in one go; a pullback is an opportunity. The risk-reward ratio is not perfect at this position, but the certainty is higher, with strong support below.

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