【$VELVET Signal】Long! 1H strong breakout, main funds support the market, short squeeze trend begins

$VELVET The 1H level just experienced a volume breakout above the previous high, forming a strong bullish engulfing pattern with momentum. The 4H level has already stabilized above the EMA20, and the current price has broken the previous 4H candle high, indicating a short-term bullish trend. Funding rates are positive but not high, open interest is stable, showing mild long accumulation with potential for a short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0818 - 0.0820 (Reason: Current price has broken above the previous high of 0.0819, and a pullback confirms the breakout is valid )

🛑Stop Loss: 0.0790 (Reason: Break below the 1H EMA20 support and the low of the previous large bullish candle )

🚀Target 1: 0.0845 (Reason: 4H resistance level )

🚀Target 2: 0.0880 (Reason: 1.618 Fibonacci extension level, corresponding to the previous decline wave )

🛡️Trade Management:

- Position size suggestion: Light position (Reason: Hot coins are highly volatile, strict risk control is necessary )

- Execution strategy: After the price reaches 0.0845, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.0818. If the price strongly breaks through 0.0845 and stabilizes, hold the remaining position towards 0.0880.

Deep logic: The latest 1-hour candle shows buy volume at 56%, indicating strong active buying. The 1H RSI is 63.83, in a strong zone but not overbought, leaving room for further upside. Market depth shows sell orders accumulating between 0.0819-0.0820; a breakout here will open upward space. The 4H level has formed a double bottom pattern, with the neckline near 0.0823; a breakout targets the 0.088 area.

View real-time market 👇 $VELVET

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