【$VELVET Signal】Breakthrough rebound, bullish momentum to be confirmed

$VELVET The 4H level price has broken out of the Bollinger upper band, RSI soared to 87, initial signs of buy-side order gaps. The 1H MACD histogram is contracting, the price repeatedly tests around 0.0873, and sell orders above form the first wall at around 0.0881. The funding rate of 0.0869% is not extreme, but open interest remains stable with no obvious outflows.

🎯Direction: Watch (wait for a pullback to go long)

⚡Entry/Order: Hidden in the 0.07295 - 0.07350 range

🛑Stop loss: 0.06945

🚀Target 1: 0.08785

🚀Target 2: 0.08820

🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back into the entry zone, exit automatically to protect capital.

Order book depth shows buy orders are heavily stacked around 0.0875, but sell orders above 0.088 are more concentrated, creating short-term resistance. The 1-hour EMA20 at 0.0808 is a potential strong support level for a healthy pullback. The current risk-reward ratio is not ideal; chasing high directly carries more risk than potential reward. A safer strategy is to wait for a healthy pullback to test the support strength below. The 4-hour MACD is still expanding, the overall trend remains intact, but short-term overbought conditions need to be digested.

Check real-time market 👇 $VELVET
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