VELVET/USDT Trade Plan.

$VELVET ‌#Get2SharesOfSKHynixAtZeroCost
Current Price: $1.37306 (+125.84% on the day)
Timeframe: 1H chart .
🚨 EXTREME CAUTION — This is a Pump Chart
The AI alert on screen literally says "VELVET plummets 7.58% in 15 minutes" — already showing violent swings.
📊 Technical Reading
Bollinger Bands (20,2)
Upper: 1.47742 | Mid: 0.94833 | Lower: 0.41923
Price is massively extended above the upper band
The bands are extremely wide — reflects enormous volatility
SuperTrend (10,3): 1.04587
Price above SuperTrend — bullish, but gap is dangerously large
A reversion to SuperTrend = ~24% drop from here
MACD (12,26,9)
MACD: 0.05211 | DIF: 0.20175 | DEA: 0.14964
Bullish crossover, histogram growing green
Momentum still up but at extreme levels
RSI
RSI(6): 78.96 | RSI(12): 80.97 | RSI(24): 80.24
All deep in overbought territory (above 80)
This is a major red flag for a near-term reversal
🗺️ Trade Scenarios
If Already In (Profit Taking)
Take 50% off at current price immediately
Trail stop on remainder at 1.27018
Final exit if breaks below SuperTrend (1.04587)
Momentum Long (Very High Risk)
Entry: Only on a clean pullback to 1.27–1.30
Target: 1.47742 (BB Upper / today's high)
Stop Loss: 1.15 (tight — this thing moves fast)
Risk/Reward: ~1:1.5 at best
Short/Fade Setup
Entry: Rejection candle near 1.47–1.49
Target 1: 1.27018
Target 2: 1.04587 (SuperTrend)
Stop Loss: 1.55
Risk/Reward: ~1:2.5
⚠️ Critical Warnings
+125% in 24h with a 24h low of $0.55 — this is a pure pump
The 24h range ($0.55 → $1.487) is 170% — extreme manipulation risk
Volume (8.35M USDT) is real but pump-and-dump coins attract wash trading
No leveraged longs here — liquidation risk is enormous
The most likely next move is a sharp retracement to 0.94–1.05
✅ Bias: AVOID NEW ENTRIES / Sell Into Strength
This is a lottery ticket, not a trade. If you're in profit — take it. If you're not in — let it go. Coins up 125% in a day revert hard and fast.
Not financial advice. Extreme volatility assets can lose 50%+ in minutes.