⏰ It is now 21:47 Beijing time, $VELVET 30 minutes ago, it broke through the 0.31 support level, dropping 24% in 24 hours, but trading volume soared to 200 million USD — during this panic sell-off, someone bought 60k tokens.

Scenario analysis: If tonight’s retest of 0.30 holds and doesn’t break, it’s likely a sign that the shakeout is over, with the first rebound target at 0.35; but if volume breaks through 0.30, the next stop is 0.26. Currently, the long-short ratio has skyrocketed to 4:1, and the main players love to trigger bullish traps at this time.
Trading advice: Those looking to buy the dip should wait for confirmation of 0.30 support before entering, with a stop loss at 0.285, and take profit at 0.35-0.38. If you already hold positions, don’t sell at the lowest point; reduce one-third of your holdings if it rebounds to 0.34. Keep your position below 20%, as volatility is too high.
⏳ There are 4 hours and 13 minutes left until the key liquidity testing window at 2 a.m. — do you think 0.30 can hold? Comment “Hold” or “Break” in the comment section, and check tomorrow’s answer once it’s clear.