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This smash directly tore apart the fake strength! 📉🔥
A few days ago, before bed, I was watching $VELVET . It was still slowly grinding at a high level, looking like it would continue to surge. But the volume wasn't following, and no one was buying when it went up. I felt at the time that this wasn't strength, but weakness.
Before the market had fully started, I saw that VELVET was being pushed back every time it tried to rise, with support getting weaker and the overhead resistance still firmly stuck at 👀. So at that time, I suggested to follow the bearish rhythm, open shorts instead of chasing longs.
From 1.66025 to 0.52606 now, this move directly delivered +676.64%. The short position was cashed out very comfortably 🎯💰. It was painful to endure the grinding earlier, but once it played out, it was truly rewarding.
This is the rhythm.
Don't get emotional about profits.
In operation, first close 80% ✅, and protect the remaining 20% with a cost price stop 🛑. If it continues to drop, let the profits run. If it bounces back, don't give back the profits you've already secured.
Those who missed it, don't chase ⚠️, as chasing tends to mess up your mindset. Wait for the next clear signal, wait for a more comfortable entry point before moving. The market never lacks opportunities; it lacks patience 🔔
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