【$VELVET Signal】Pullback confirmed, bulls are gathering strength for an upward attack

$VELVET 1H timeframe stabilizes above the EMA20, price is operating in the upper half of the Bollinger Bands, buying depth around 0.0754 is building a solid defense. The 4-hour MACD histogram continues to shrink, indicating weakening bearish momentum. Open interest remains stable, and funds have not exited the market.

🎯Direction: Long

⚡Entry/Order: Layered entries in the 0.0713 - 0.0730 range

🛑Stop-loss: Below 0.0710

🚀Target 1: 0.0800

🚀Target 2: 0.0834

🛡️Trade Management:
- Execution strategy: After reaching the first target, reduce half of the position. Move the stop-loss on the remaining position to the entry price. If the price cannot hold above 0.0755, consider taking partial profits early.

Order book data shows selling pressure concentrated above 0.0757. Once this area is broken, resistance above is sparse. The 1-hour RSI is around 64, leaving room for further upside without entering overbought territory. The current risk-reward ratio is close to 4:1, making the odds favorable. Under this structure, patience for a pullback is more reliable than chasing highs.

View real-time market 👇 $VELVET
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#Gate正式接入Polymarket #贵金属领涨 #加密市场回涨