I just cut my losses of 320k yuan, and this wave of $VELVET recovery helped me get back on my feet. Last month, I chased a high on L2 landdog and got爆ed, losing almost all my pants. But now, looking at VELVET's trend, I’m damn itchy—24-hour increase of 57% to 0.5556, with a trading volume of 163 million USD. This volume clearly isn’t something retail investors can smash out. Don’t rush to buy in; listen as I break it down with data.

First, a few key points: 24h low of 0.3150, high of 0.6099, nearly 100% fluctuation, a typical pattern of shakeout followed by a rally. But note, after pushing to 0.6099 last night, it pulled back 8%, indicating selling pressure above hasn’t been fully digested. My trading logic is: current 0.5556 isn’t an entry point; wait for a dip back to 0.45-0.5 before acting. That zone is a dense area of early session turnover, with stop-loss set at 0.42 (breaking below the previous low of 0.3150 invalidates the stop). Take profits in two stages: first target 0.65, second target 0.8. Don’t be greedy—such high-volatility tokens should be sold at 30% gains, half the position.
For position management, I only allocate 20% of my total funds to VELVET to avoid repeating past mistakes. Currently, liquidity is concentrated on Gate, with slippage controlled within 0.3%. Key signal: if volume again breaks through 0.61 within 24 hours, you can chase with a small position, but keep it below 5%, with a stop-loss at 0.55. Remember, for these pump tokens, once volume shrinks, it’s a meat grinder.
Finally, some plain talk: losing 320k yuan made me realize that candlesticks tell a story, and data is the key. This market looks a lot like the night I lost money last time— but this time, I have a stop-loss. Brothers, don’t be like me and become a leek—wait for a dip before acting. I’m watching the Gate chart; I’ll post updates if there’s any movement. Oh, and guess where I set my take-profit orders this time? See the comments for the real answer.