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Seeing $VELVET the market chart, I know that the long position this time is not a fake move.
Earlier when I was analyzing the chart, it was still hovering around 0.43516.
After consolidating at the low for a while and then increasing volume to push up, the rebound signs were very obvious, so I initially took the long position idea off the table.
Now the price has already reached 1.06707, and the profit has come to +1444.76%, this move has played out.
Secure the profits already in hand, take 70% off the table, and keep 30% to see if there’s another move later.
Don’t forcefully peel at this level, set a good stop-loss.
For those who didn’t catch up, no need to rush, there will be more opportunities later.
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