VELVET soars 134% in a single day, going absolutely wild. CLO is right behind it, surging with a 24.4M volume spike. Retail traders watching these numbers have likely already missed the move and are probably questioning life.

Actual positions: VELVET cost 0.87, current position P/L +30%; CLO cost 0.12, P/L +32%. Right now, total unrealized profit is about 1,500 U, and I’ve taken off 1/3 of the gains to lock them in.

The full plan is as follows:
If the price retraces and VELVET falls to around 1.05, add 20%, with a stop-loss set at 0.96; if CLO retraces to 0.148, add 15%, with a stop-loss set at 0.14.
If a new high breaks out, and VELVET holds above 1.2, I’ll chase with a 10% trial position; take profit is at around 1.35. For CLO, if volume breaks above 0.16, I’ll open a long with a target of 0.18.

Two potential scenarios I’m watching:
A) After a pullback and stabilization, it keeps pushing higher (probability 65%); the bulls’ control isn’t over yet.
B) A double-top dumps with heavy volume (probability 35%); you need to cut positions immediately to protect your profit.

I choose A, but I’ll never stubbornly hold the bag. Update the results in the comments. $