6.8 K姐 Market Analysis $VELVET
RSI skyrocketed to 89.99, 4-hour MACD bars are narrowing, sell pressure at -21.92%. Price is hovering near the upper Bollinger Band at 0.2887, with a weakening willingness to attack from buyers.
Direction: Long
Entry/Limit Order: 0.267874 - 0.268680
Stop-Loss: 0.255246
Target 1: 0.288831
Target 2: 0.2989065
Trade Management:
Execution Strategy: After hitting Target 1, reduce position by 50% and move the stop-loss to break-even. If the price drops back to the entry point, exit automatically to protect capital.
Funding rate at 0.0289% is a bit high but no short squeeze yet, 4-hour volume is decreasing, and the strength of the rebound after the pin is questionable. Short-term speculation inertia, risk-reward ratio of 1.5 is decent, but don't get too attached to the battle.
Personal views are for reference only; trading involves risks, and investment requires caution!
Follow K姐 for daily updates and in-depth analysis. K姐 doesn’t boast or make empty promises, just shares practical experiences to survive in the market!
RSI skyrocketed to 89.99, 4-hour MACD bars are narrowing, sell pressure at -21.92%. Price is hovering near the upper Bollinger Band at 0.2887, with a weakening willingness to attack from buyers.
Direction: Long
Entry/Limit Order: 0.267874 - 0.268680
Stop-Loss: 0.255246
Target 1: 0.288831
Target 2: 0.2989065
Trade Management:
Execution Strategy: After hitting Target 1, reduce position by 50% and move the stop-loss to break-even. If the price drops back to the entry point, exit automatically to protect capital.
Funding rate at 0.0289% is a bit high but no short squeeze yet, 4-hour volume is decreasing, and the strength of the rebound after the pin is questionable. Short-term speculation inertia, risk-reward ratio of 1.5 is decent, but don't get too attached to the battle.
Personal views are for reference only; trading involves risks, and investment requires caution!
Follow K姐 for daily updates and in-depth analysis. K姐 doesn’t boast or make empty promises, just shares practical experiences to survive in the market!