【$VELVET Signal】Long + 1H Momentum Breakout, Major Force Clearly Protecting the Market

$VELVET 1H Level Strong Breakout, Price has Stabilized Above Short-Term Moving Averages, Momentum is Strong. The 4H Level Has Formed Three Consecutive Bullish Candles, Breaking Through the Previous Consolidation Platform, Indicating a Trend Reversal. Although the current price has risen, the open interest remains stable, and buy-side depth far exceeds sell-side, showing that major funds have not exited but are continuing to defend the market, providing fuel for subsequent upward movement.

🎯Direction: Long

⚡Entry/Order: 0.0920 - 0.0935 (Waiting for a healthy 1H level pullback for confirmation)

🛑Stop Loss: 0.0885

🚀Target 1: 0.0990

🚀Target 2: 0.1040

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50%, and move the stop loss of the remaining position up to the entry price. If the price strongly breaks through 0.0990 and stabilizes, move the stop loss of the remaining position to hold and aim for Target 2.

Depth Logic: Over the past few hours, while the price has been rising with increased volume, open interest has not decreased, ruling out purely short-squeeze scenarios. It appears to be the main bullish force actively increasing positions. Although the 1H RSI is high, there is no bearish divergence, and momentum remains. Market depth shows buy orders are more than 2.5 times the sell orders, with strong support below, limiting the scope for a pullback. Combined with positive funding rates, market sentiment is bullish but not overheated, leaving room for further upside.

View real-time market 👇 $VELVET

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