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#VELVET $VELVET It surged another stretch, with the current price at $0.5187 and 24h up 21.22%.
Don’t rush to chase this trade yet. The short-term is still pushing in line with the trend, but the more you rush, the more you need to watch for a pullback.
But note: from the data I’m seeing, the shorts account for 62%. The pullback will depend on whether the downside can hold up.
Look at the two charts together below: first the key levels, then the 15m K-line rhythm.
$0.50573 must not break—if it breaks, the risk could spread; $0.53426 is the first checkpoint for recovery.