【$VELVET Signal】Wait for multiple callbacks and low-level confirmation

$VELVET RSI 77.47 overbought zone, 1H MACD histogram begins to contract. 4H Bollinger Bands opening upward, price has broken away from the upper band. Funding rate 0.07%, long position cost is relatively high. Buy order depth ratio of 1.67 indicates sufficient support below, but selling pressure emerges after a spike, and the long upper shadow is left on the 14:00 candlestick.

🎯Direction: Long (Order )

⚡Entry/Order: 0.12848 (Suggested entry zone upper limit)

🛑Stop loss: 0.09681

🚀Target 1: 0.12920

🚀Target 2: 0.12972

🛡️Trade management: After reaching Target 1, reduce position by 50%, move stop loss to break-even. If the price falls back to the entry level, automatically exit.

Depth logic: OI stable, funding rate relatively high but not extreme, long position costs increase may trigger a squeeze? But the 4H trend remains strong, wait for a pullback to around 0.12848 to confirm support for entry. Current risk-reward ratio is about 0.02, which is a very low odds gamble, suitable only for very small positions. Patience and wait for a pullback.

Check real-time market 👇 $VELVET
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