【$VELVET Signal】Pullback to buy, clear market support intention

$VELVET 1H level pullback to EMA20, strong buying depth, a thick order wall around 0.0775 below. 4H MACD bullish crossover with decreasing volume pullback, bullish structure remains intact.

🎯Direction: Long

⚡Entry/Order placement: Layered entries in the 0.0738 - 0.0757 range

🛑Stop loss: 0.0730

🚀Target 1: 0.0866

🚀Target 2: 0.0920

🛡️Trade management:
- Execution strategy: Reduce half of the position after reaching the first target, move the remaining stop loss up to the entry price. If the price cannot hold above 0.078, consider exiting early.

Position size remains stable, no large capital outflows during the pullback. 1-hour RSI around 63, healthy pullback, not entering overbought zone. Sell orders pile up above 0.078, but buy orders below 0.0775 form a stronger defense line, with clear support actions. 4-hour Bollinger middle band rising, price in the upper half, overall momentum leaning bullish. Under this market structure, the probability of a direct breakdown of support is low, with a risk-reward ratio over 4:1, making it a good setup.

Check real-time market 👇 $VELVET
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