【$VELVET Signal】Breakout retest, sniper short squeeze trend

$VELVET 4H level price has already broken above the Bollinger upper band, 1H RSI at 76.59, buying pressure still present but momentum is converging. Market depth shows very thick orders below 0.0909, with clear capital support intentions.

🎯Direction: Long

⚡Entry/Order placement: Within the 0.07475 - 0.09065 range, current price near 0.09111 can directly try a light long position, or wait for a pullback to around 0.088 to place orders.

🛑Stop loss: 0.07035

🚀Target 1: 0.09130

🚀Target 2: 0.09166

🛡️Trade management:
- Execution strategy: After the price reaches 0.09130, halve the position, and move the remaining stop loss to the entry price. If the price cannot hold above 0.090 and falls back, consider exiting early.

1H MACD histogram begins to contract, but 4H MACD is still expanding strongly. Position volume is stable, funding rate at 0.069% is positive but not extreme, short squeeze risk is manageable. The current risk-reward ratio is not optimal, but there is dense support below, and the price is holding firm, making a direct break below support less likely under this structure.

Check real-time market 👇 $VELVET
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