$VELVET long/short ratio is 2.15; the large-holder position ratio is also 1.52. Positions are偏多, yet the fee rate is -0.0499%. I’m waiting for a pullback to go long—I won’t chase this rebound. The real contradiction isn’t whether large holders and accounts are on the same side; it’s that shorts are still paying fees, and the price has risen 19.26% over the past 24 hours—squeeze fuel hasn’t burned out completely.
OI 14M versus market cap 27M, leverage participation is already very heavy. As long as price reclaims the 4-hour EMA25 at 0.063372, short covering could further amplify volatility. But the current price of 0.0613 is still below pressure—chasing in now means taking risk for someone else’s position. Daily RSI 14 is only 24.7, indicating the position is very weak and there’s room for a rebound; however, you can’t treat “oversold” as confirmation for a rise.
This move ($VELVET ) is clearly stronger than BTC and the whole market—independent strength—so a squeeze can continue. But during a fade-out, the lack of broad-market support makes pullbacks more direct. I’ll only participate once it reclaims around 0.0635; if it breaks below 0.055, I’ll admit I’m wrong. Up ahead, I first watch the 4-hour EMA60 at 0.0763, then the range high at 0.1. If I don’t get confirmation, I’ll go to cash and watch.
📊 Direction: Go long
💰 Entry reference: Around 0.0635, participate after it reclaims the 4-hour EMA25 (0.063372)
🛑 Stop loss: 0.055; exit if it breaks
🎯 Take profit 1: 0.0763, corresponds to 4-hour EMA60 (0.076297)
🎯 Take profit 2: 0.1, corresponds to the range’s highest price
Negative funding gives a squeeze opportunity; the key levels decide whether longs have the right to keep holding.
Are you staying short and continuing to cover, or are you loosening your grip as longs at high levels? Pick one.
$VELVET #技术分析 #Uncle Twelve
If you like this setup, come to Binance and search for Uncle Twelve in the public domain to follow the trades. Watch both position sizing and stop loss together
Click my profile to follow immediately
https://www.binance.com/zh-CN/copy-trading/lead-details/5051200019981811968
OI 14M versus market cap 27M, leverage participation is already very heavy. As long as price reclaims the 4-hour EMA25 at 0.063372, short covering could further amplify volatility. But the current price of 0.0613 is still below pressure—chasing in now means taking risk for someone else’s position. Daily RSI 14 is only 24.7, indicating the position is very weak and there’s room for a rebound; however, you can’t treat “oversold” as confirmation for a rise.
This move ($VELVET ) is clearly stronger than BTC and the whole market—independent strength—so a squeeze can continue. But during a fade-out, the lack of broad-market support makes pullbacks more direct. I’ll only participate once it reclaims around 0.0635; if it breaks below 0.055, I’ll admit I’m wrong. Up ahead, I first watch the 4-hour EMA60 at 0.0763, then the range high at 0.1. If I don’t get confirmation, I’ll go to cash and watch.
📊 Direction: Go long
💰 Entry reference: Around 0.0635, participate after it reclaims the 4-hour EMA25 (0.063372)
🛑 Stop loss: 0.055; exit if it breaks
🎯 Take profit 1: 0.0763, corresponds to 4-hour EMA60 (0.076297)
🎯 Take profit 2: 0.1, corresponds to the range’s highest price
Negative funding gives a squeeze opportunity; the key levels decide whether longs have the right to keep holding.
Are you staying short and continuing to cover, or are you loosening your grip as longs at high levels? Pick one.
$VELVET #技术分析 #Uncle Twelve
If you like this setup, come to Binance and search for Uncle Twelve in the public domain to follow the trades. Watch both position sizing and stop loss together
Click my profile to follow immediately
https://www.binance.com/zh-CN/copy-trading/lead-details/5051200019981811968
