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$VELVET was a coin that a crypto friend asked me to check during yesterday's live stream. I placed a short order at 1.91, but when I woke up, it hadn't been filled, and the price pumped to 1.74. After analyzing it, I went short directly, made 10 points, and got out! Then it pumped again! I wanted to go long, hesitated, and missed it.
Why did I go short when I saw it? It hit the second high without going to 1.91, so it had to retrace before breaking through again. It's like climbing stairs—you need to rest before you can go up again.