$VELVET dropped 62%. I bet 0.48 won't hold today, will see 0.4 tomorrow. If I'm wrong, I'll delete my account live.

Don't rush to call me a jinx. Look at the data: 24-hour trading volume is 256 million, but the turnover rate has surged to over 45%—this turnover usually means major players are distributing, not bottom-fishing. From 1.64 to 0.48, there's been no decent bounce. Any longs catching a falling knife here will be trapped. At the 0.5216 level, if the evening session breaks below 0.48 with volume, the next support is at 0.32. The short target is set.
My trading logic: If shorting, enter a light position at current price 0.5216, stop loss at 0.5520 (yesterday's oscillation midpoint), take profit first target 0.45, second target 0.4. Going long? Don't touch it now. Wait until the price re-establishes above 0.55 with shrinking volume and stabilizes before considering.
I have 5% of my account in a short position on this coin. I'm not trying to provoke you; I want to show you the real rhythm of shorting: keep the stop loss in check, limited losses, and upside potential of over 20%. Position management: total position should not exceed 10%, single trade loss controlled within 2% of total capital. Whoever tells me "this coin has fallen too much and should bounce," I'll show them the data directly: under this kind of decline with no volume stabilization, it's likely a stair-step down.
If you think I'm wrong, screenshot this and come back to slap my face tomorrow. I'm putting it out there: the probability of 0.48 being lost is over 70%. If it can survive tonight without dropping to 0.4, I'll change my ID directly. Follow me. I break down these charts every day. No losing trades.