$VELVET Signal】Bullish pullback to support, 1H MA20 holding the floor


$VELVET RSI 14 surged to 86.03; the 1H MACD histogram turned negative, but price is still above the EMA20. On the 4H Bollinger bands, the upper band is 2.0263 and the middle band is 1.0332; the channel is extremely wide, leaving ample room for volatility. Bid depth ratio is 0.99; the funding rate is 0.075% and has not run out of control; OI is stable.

🎯Direction: 【Long】

⚡Entry/Pending Order: 1.755418 - 1.760700

🛑Stop Loss: 1.743093

🚀Target 1: 1.787110

🚀Target 2: 1.800316

🛡️Trade Management:
- Execution strategy: After reaching Target 1, reduce the position by 50% and move the stop loss to breakeven. If price drops back to the entry level, automatically exit to protect the principal.

(1H EMA20 (1.5908) is still a strong support zone. When price pulls back to around 1.75, there is clearly visible buying interest. The 4H bullish alignment has not been broken; taking a long on the short-term pullback offers a reasonable risk-reward. After high-level consolidation digests the overbought conditions, it may rally again.)

Check real-time market data 👇 $VELVET
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