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After losing 2.15 million and bouncing back, I’m watching the 24-hour surge of $VELVET at 110%, and my palms are all sweaty.
You guys know the worst thing about retail investors isn’t losing money, it’s losing everything and then seeing the opportunity right in front of you but not daring to make a move. Last year, I was so broke I only had my underwear left, but this time is different—VELVET’s 24-hour trading volume hit 580.3 million, which is a significant amount for a clone project. The price of 0.8661, compared to the 24-hour low of 0.2853, has tripled, but if you look closely: it peaked at 0.9846 before pulling back. That’s not the top; it’s the main force shaking out the habitual fearful traders.
Data breakdown: 1. Trading volume of 580M = turnover rate over 40% of the circulating supply daily, indicating it’s not retail investors blindly buying but big players stacking volume. 2. 24-hour increase of 110%, but the high only briefly touched 0.98, likely intentionally suppressing the price to make late buyers hesitant. 3. The 0.8661 level is exactly the Fibonacci 0.618 retracement, a key support point that the main force must defend technically.
My trading plan (currently 10% position in a real account): Entry: at the current price of 0.8661, add 20% more—don’t wait for a pullback, such violent shakeouts won’t give you a comfortable entry point. Stop-loss: set at 0.75 (if it drops below the previous low of 0.76, exit—accept a 10% loss). Take-profit: first target at 1.05, second at 1.25, taking profits in stages with over 50% gains. Position size: total position no more than 30%, keep some bullets for extreme situations.
I know you’ll criticize: “110% rise, still dare to chase?” But the mentality of retail investors is always the same—when it rises, they’re afraid to buy; when it falls, they’re afraid to sell. The lesson I learned from losing 2.15 million—data shows there’s still room here, so go for it, but always with a stop-loss.
Finally, a harsh truth: Don’t follow my account @V50, I’ll only make you lose more honestly. Follow me, next time I’ll go crazy selling at the top and remind you to escape. $