$VELVET Signal: 1H Support Bounce, 4H Bullish Accumulation

$VELVET 1H price 1.2558, far from EMA20_1h at 1.0784, 4H Bollinger Band upper 1.2814 forms short-term resistance. MACD histogram contracting but not yet turned green, funding rate 0.08% in neutral-to-high range, OI stable, no large-scale exit. Order book buy depth ratio 0.49, selling pressure absorption slow.
🎯 Direction: Long
⚡ Entry/Limit Order: 1.252033 - 1.255800
🛑 Stop Loss: 1.241412
🚀 Target 1: 1.277382
🚀 Target 2: 1.288173
🛡️ Trade Management:
- Execution Strategy: Reduce position by 50% upon reaching Target 1, and move stop loss to breakeven. If price falls back to entry, exit automatically to protect principal.
There is support from previous high-volume area around 0.252 below current price, 1H RSI retraced to around 62, after overbought pressure release, bulls have a chance to retest the upper band. As long as funding rate does not become extremely inflated, short-term pullback long has acceptable risk-reward ratio, but strict stop loss must be maintained.
Check real-time quotes 👇 $VELVET
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