This short position on $VELVET played out, to be honest, cleaner than I expected. The surge at the top was fierce, many were still chasing longs at that point, but I was focused on the reaction after overhead resistance. Later, near 1.66025, I saw buying power couldn't keep up, so I chose to go long—not because I'm amazing, but because that level was too tempting.

The real shift came after the first failed retrace. Price didn't push higher; instead, it started pressing down layer by layer. I've seen this rhythm many times before—the more it looks like a rebound is coming, the easier it is to trap those who chase in. Now it's down to 0.51054, with floating profit feedback at +687.2%. This wave gave a clear answer.

For now, I don't plan to aggressively add more. I'll just trail my stop loss lower. After profits come in, the biggest risk isn't missing out on more gains—it's letting the pullback mess up the rhythm. If VELVET continues to weaken, I'll let the position run. If the bounce is too strong, I won't stubbornly hold. No chasing missed shorts; wait for the next comfy entry.

$BTC $ETH