【$VELVET Signal】Breakthrough rebound, bullish momentum exhausted

$VELVET After a surge on the 1H timeframe, volume diminishes, buying pressure breaks. On the 4H Bollinger upper band near 0.0921, selling pressure appears, RSI spikes to 89, in an extremely overbought zone, with clear hesitation from funds to absorb.

🎯Direction: Watch (wait for a pullback to go long)

⚡Entry/Order: 0.07635 - 0.09107 range, wait near the lower boundary, specifically 0.0765.

🛑Stop loss: 0.07114

🚀Target 1: 0.09153

🚀Target 2: 0.09189

🛡️Trade management: - Execution strategy: after reaching Target 1, reduce position by 50%, and move stop loss to breakeven. If price falls back into the entry zone, exit automatically to protect principal.

Order book depth shows sell orders stacked above 0.0917, indicating weak willingness for aggressive upward attack. The 1H MACD shows shrinking red bars, bullish momentum slowing, but the 4H MACD is still expanding, indicating the larger cycle trend remains intact. The current funding rate of 0.133% is not extreme but already creates cost pressure. Chasing high at this level offers poor risk-reward; waiting for a healthy pullback will improve the risk-reward ratio.

Check real-time market 👇 $VELVET
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