$VELVET Half an hour ago, it nearly doubled, and now at 0.5825 it’s still up 31%—like a market auntie grabbing scallions only to find her plastic bag has sprung a leak. Those chasing the pump, brace yourselves.
This coin surged from 0.42 to 0.58 in 24 hours, with $15 million in trading volume—equivalent to everyone in a small county changing phones at the same time. But remember, the bigger the rise, the harder the fall.
My move: If you didn’t get in, don’t chase it. Wait for a pullback to around 0.52, with a stop-loss at 0.48 and a target of 0.65. If you’re already on board, cut your position