【$VELVET Signal】Long - 1H pullback confirmation, main force clearly intends to defend the market

$VELVET The 1H timeframe is currently in a healthy pullback stage after a strong rally, with the price supported above the EMA20 (1H). The 4H timeframe is stable above the recent consolidation zone. Currently, the buy order depth is significantly thicker than the sell orders, OI remains stable, and the main force's intention to defend is clear. This is a typical short squeeze buildup pattern, waiting for a second upward move.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0810 - 0.0815 (Reason: 1H EMA20 support zone and concentrated buy orders resonate )

🛑Stop Loss: 0.0795 (Reason: Break below the 4-hour candle's low and ATR lower band, invalidating bullish structure )

🚀Target 1: 0.0845 (Reason: Previous high resistance level and 4H EMA50 pressure zone )

🚀Target 2: 0.0880 (Reason: 1.618 Fibonacci extension level, corresponding to previous concentrated chip area )

🛡Trade Management:

- Position size suggestion: Light position (Reason: Hot Coin has high volatility, control risk per trade )

- 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 0.0815. If the price cannot hold above 0.0830 and falls back into the entry zone, consider actively exiting.

Depth logic: After a 15% surge yesterday, the price did not retrace significantly. OI remains stable, indicating that new funds have not exited. The 1H RSI (59.38) is in a healthy zone, leaving room for further upward momentum. The order book depth imbalance (-24.54%) shows lighter selling pressure, with dense buy orders providing solid buffer for the price. Combining market logic indicating “price rising, main force entering or shorts being squeezed,” current behavior is more likely a main force defending the market, accumulating strength for the next rally.

View real-time quotes 👇 $VELVET

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