$VELVET Signal】Bulls break through Bollinger upper band, 1H momentum continues to expand


$VELVET RSI 1H surged to 77.14, price directly pierced the Bollinger upper band at 0.6837, current price 0.6915. 4H MACD histogram 0.0192 continues to expand, momentum shows no decline. Order book depth -15.44% selling pressure failed to suppress buying, funding rate 0.028% remains in a mild range. Short-term momentum is sufficient, high probability of continuing upward.
🎯Direction: long
⚡Entry/Pending order: 0.689426 - 0.691500
🛑Stop loss: 0.656925
🚀Target 1: 0.743363
🚀Target 2: 0.769294
🛡️Trade Management:
- Execution strategy: After reaching target 1, reduce position by 50% and move stop loss to breakeven. If price falls back to entry, automatically exit to protect principal.
Currently, 1H buying is actively pushing, with weak retracement after the breakout. The objective risk-reward ratio is reasonable, worth taking a shot.
View real-time quote 👇 $VELVET
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VELVET38.05%
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ETH0.48%
SOL8.28%
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