Never touch $$VELVET, the data is being slaughtered: it dropped over 70% in 24 hours from 1.0984 down to 0.2853, now rebounded to 0.8959 but with a trading volume of 992.5M. Is this behind the main force doing a shakeout or luring longs (baiting long positions, then unloading)? The 123.67% increase is all scripted, retail investors rushing in are just providing liquidity.

First, look at the anomalies: yesterday’s low was 0.2853, today’s high is 1.0984, with a volatility exceeding 370%. Behind this violent surge, the market maker’s cost is below 0.3, and now at 0.89, the selling space has reached a 200% profit. If you chase the high, the next 24 hours could see it fall back to 0.4, trapping you with a 70% loss and forcing a cut. Gate’s “whale” manipulates this FOMO sentiment, distributing immediately after doubling.

But if you insist on betting on a rebound, I give the only conservative condition — wait until it retraces to around 0.65 with reduced volume, and a daily candle closes bullish to confirm support. Don’t allocate more than 3% of your total funds for entry, set stop-loss below 0.55 (exit if broken). Take profits in two stages: first target 0.95 (short-term profit-taking), second target 1.2 (only if volume breaks through 1.1). Don’t trade futures; your leverage isn’t fully opened, and the price might suddenly trigger liquidation.

I am @Gate良心劝退博主, focused on on-chain data, watching hundreds of these “monster coins” daily, using logic to avoid getting wrecked, not relying on emotional calls. If you agree, follow me for more ruthless traps; if not, post your buy-in screenshot in the comments, and I’ll show you the whale’s dump list. Remember: $VELVET’s current price of 0.8959 is not an opportunity, it’s a hunting zone. Prioritize capital preservation before talking about profits — better to miss out than become cannon fodder.