+94.2% position, $VELVET floating profit 128k U, 24h trading volume 836M but all orders are bots.

My trading plan is as follows: current price 1.3102, place the first short near 1.33, stop loss at 1.38, take profit targets at 1.02 and 0.88. Position size 20% of U-based, don't go all-in. If the price retraces to 1.20 and holds, I will add long positions in reverse, stop loss at 1.12, target 1.45.
Two scenarios predicted: A: The smart money pumps and dumps, spikes to the 1.35-1.40 range then drops sharply, this is the most standard script. At this moment, the K-line has retraced 17% from the high of 1.4969, volume has shrunk by 33%, the long/short ratio has reached 2.5:1, and retail sentiment is overheated. Once it breaks below 1.25, the only support below is 0.88. B: If funds continue to flow in after the U.S. stock market opens tonight, this wave may become a false breakout to 1.50-1.60 before crashing. My strategy is to keep the 1.33 short unchanged, but tighten the stop loss to 1.42, to avoid being shaken out by wick spikes.
On-chain data is crucial: the 24h high of 1.4969 is the third highest since July, but the current buy-side depth is only half of the sell-side. Such a token with massive volume but price stagnation typically indicates that whales are distributing in batches.
Update results in the comments section.