$VELVET Behind the 18% price increase, exchange market makers are collectively dumping. The 24h trading volume is 190 million, but the price has been driven down from 0.6461 to 0.5636. Don't touch this liquidity trap.

Look at the data: the high point is 13% away from the current price, and those who chased the high are all trapped. On-chain data shows that the proportion of large holders' positions has plummeted from 42% three days ago to 29%. These guys are pumping and dumping. If you really want to play, wait until it's below 0.48 before considering a small position entry, set stop loss at 0.43, and don't be greedy with take profit—just exit at 0.6. Keep position size within 5% of total capital. In this market, going to zero overnight is no joke.
I specialize in uncovering the truth of exchange data. Remember to avoid pitfalls: a surge with huge volume is often a signal to exit; wait for a low-volume consolidation before making a move.