$VELVET Continue more. This squeeze phase seems to have played out— the shorts couldn’t smash it down, and as long as the level holds there’s still room for further upside. Earlier I mentioned there’s a chance to break the previous high; the initial target to watch is around $2. Whether it can rally straight up to that level still depends on whether the volume can back it up. The short-term sentiment is on the strong side, but if it runs too fast, watch for a pullback—don’t chase and get carried away. Manage your position size and stop-loss yourself. After a sharp surge, the volatility risk isn’t small.