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Once this downward move came out, the bears have already sealed the deal! 🚨📉 A few days ago in the afternoon, $VELVET was still grinding near the highs, looking strong on the surface, but the volume wasn't there. Every time it tried to push up, it fell short. I felt right then that this was not a setup to chase longs.
While everyone was still watching, I focused on VELVET's rebound strength and saw that as soon as sell pressure came in, it softened. There was clearly insufficient support 👀 near 1.66025, I signaled to short: the logic was simple—if it can't push, don't force yourself to believe it's strong.
Now the price has reached 0.4471, with a gain of +724.72%. That profit tasted great 😎💰🎉 It wasn't based on guessing; I waited for it to show its weakness.
Don't get emotionally attached to profits.
For the position: first cover 80% 📌 leave 20% with a cost basis protection. Let the remaining run if it keeps dropping. Even if it bounces back, we won't give back the advantage ✅
If you missed it, don't chase. Chasing from behind often leads to getting hit ⚠️ Wait for the next clear signal. Move only when a new structure emerges. The market never lacks opportunities; what it lacks is patience 🔔
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