💰 $VELVET – Breakdown After Rejection, Bears in Control 📉⚠️



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GateUser-46c777d0
· 38m ago
Refusing to come down before standing firm, the bears clearly dominate the market.
Waiting for it to retest the resistance zone for confirmation will be more stable.
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ByteSizedAlpha
· 5h ago
$VELVET The biggest risk after a break below is a rebound that tempts more buying; if the volume can't keep up, don't fight the trend.
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RecedingTideReflection
· 5h ago
I am more concerned about where the key support is; once it breaks, I will leave immediately, without any faith.
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MildlyMEV
· 8h ago
Could there be a reversal in the news sentiment? Purely technical analysis is indeed comfortable in the short term, but you need to watch out for sudden price surges.
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TheWindOnTheBridgeIsTooStrong.
· 8h ago
The most profitable thing in a bear market is patience; don't chase the dip, wait for a pullback to give a good entry point.
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PixelMetaverseRaccoon
· 8h ago
Short position idea is good, but remember to set a stop loss to avoid being taken out by a sudden spike.
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GateUser-470bc925
· 8h ago
During the market control phase, go with the trend; it's better to earn less than to go against the trend and hold positions.
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PublicBlockchainUnderTheAurora
· 8h ago
Short-term shorting is fine, but don't get overleveraged; leave yourself some bullets.
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Post-RainCandlestickReflection
· 9h ago
Right now, this structure looks like a downward channel, and any rebound seems like a selling point.
Unless it can recover the key moving averages, there's no talk of going long.
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FragilePosition
· 9h ago
This pattern is indeed somewhat bearish; don't force yourself into a confrontation.
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