【$VELVET Signal】Long + 1H high-level consolidation, capital depth support

$VELVET 4H RSI reaches an extreme area of 91.66, 1H MACD histogram turns negative, short-term momentum diminishes. But the order book buy depth is 2.13 times, with orders concentrated in the 0.259-0.26 range forming a support wall. Open interest remains stable, funding rate at 0.0286% not overheated, bulls have not collapsed. The current price 0.26024 is testing the upper band of the 1H Bollinger Bands; if buying pressure continues to consume the selling pressure above, a further rally is expected.
🎯Direction: Long
⚡Entry/Order: Enter directly within the 0.2594593 - 0.2602400 range
🛑Stop loss: 0.2576376
🚀Target 1: 0.2641436
🚀Target 2: 0.2660954
🛡️Trade management: - Execute strategy: after reaching Target 1, reduce position by 50%, and move stop loss to break-even. If the price falls back into the entry zone, automatically exit to protect principal.
Current risk-reward ratio is 1.5, buy depth provides a safety cushion, but caution is needed for sharp declines when chasing high positions. Depth logic: 1H MACD death cross has not yet been digested; if the price cannot quickly break through the previous high of 0.2652, it may retest the EMA20 (0.2401) for support. However, the order book is dense, and short-term upward momentum remains.
View real-time market 👇 $VELVET
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