It is currently 10:17 PM Beijing time, less than 2 hours until the daily close of $VELVET . The price of 1.7988 has already pumped 28% in 24 hours, but the high of 1.8700 is like a wall — my eyes are sore from staring at the charts. If this wave cannot break through, it will likely retrace to 1.65 or even lower tonight.

The real data is here: a trading volume of 784M indicates that the capital is not small-time, but that wick from 1.87 down definitely means some big players placed sell orders around 1.85. Now the 1.80 level is awkward: upward, 1.82 is the next resistance; downward, 1.75 is short-term support. My strategy: if you are already in the position, set a stop loss at 1.75, and take profit in batches before reaching 1.87; if you are empty, do not chase the high, wait for a pullback to the 1.70-1.72 range to lightly go long, controlling position size within 20%. Why? Because the 24-hour volatility has already exceeded 43%, and under such volatility, chasing gains is prone to liquidation.
Scenario simulation: if BTC can hold above 45K tonight, $VELVET is likely to stealth pump to 1.90 when liquidity is low in the early morning; but if BTC dives, a strong coin like VELVET can also catch up sharply to the downside, and 1.50 is not impossible. Remember, a 28% gain is not normal; tomorrow will most likely see profit-taking.
Finally, a hardcore prediction: from 1.30 to 1.87 in just 24 hours, such explosive power means either the whale has finished accumulation and is ready to pump, or it is the prelude to a pump and dump. I bet on the former, but only with 1.5% of my position.
Countdown begins: there are 9 hours and 43 minutes until the 8 AM candle close tomorrow. At the 1.80 level, are you adding or reducing your position? Tell me your choice in the comments, and I will come back to verify. Like to let me see how many people are also watching this chart.