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Seeing $VELVET the market chart, I know that the long position this time is not a fake move.
Earlier, it was repeatedly testing around 0.43516, and after the price stabilized at a key level, it started to strengthen, with the bullish momentum gradually opening up. My strategy is to go long.
Now the price has reached 0.52898, and the profit and loss percentage has reached +217.78%, this profit margin has been realized.
Next, stay steady first, take 75% profit, and keep the remaining 25% to see if there is a second wave.
Protect the profits first, and the remaining positions must have stop-losses; a retracement later is normal.
For those who haven't entered yet, wait for the next signal.
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