$VELVET Signal: 4H Bollinger Band Breakout + MACD Expansion, Intraday Long Play

$VELVET Price broke above the 4H Bollinger Upper Band at 0.8509 and accelerated upward, with MACD histogram continuously expanding. On the 1H level, RSI retreated from overbought territory to 72.75, the Bollinger Bands narrowed, short-term momentum waned but the trend remains intact. There is notable buy support in the 0.9288-0.9316 range, funding rate at 0.0382% is still within a controllable range, suitable for momentum chasing.

🎯Direction: Long

⚡Entry/Limit Order: 0.928805 - 0.931600

🛑Stop Loss: 0.922284

🚀Target 1: 0.945574

🚀Target 2: 0.952561

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

Deep Logic: On the 1H chart, volume showed a spike sell-off at 07:00 followed by a quick recovery, indicating decent buying pressure. The 4H Bollinger Bands continue to expand, maintaining good trend continuity. Considering the sell-side depth above 0.93 is only -2.06%, the probability of breaking the previous high is higher than the risk of a deep pullback.

View real-time quotes 👇 $VELVET
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