$VELVET just teleported. 💀🔥
From roughly $0.421 to $0.778 in one violent expansion… nearly +85% off the low, now sitting around $0.769 and still +76.1% on the day.
Volume isn’t huge compared with some recent maniacs, but $60M USDT is enough to make the move matter.
The weird part?
$VELVET is still holding near the top instead of instantly puking the candle back.
Bull side: keep $0.70-$0.72 defended and this can stay nasty.
Bear side: lose that zone and the whole vertical candle starts looking very expensive very fast.
Right now?
Momentum owns the chart.
Risk owns everyone chasing it. 👀
What do you think ?? is this just a massive vertical hype pump? 🤔
From roughly $0.421 to $0.778 in one violent expansion… nearly +85% off the low, now sitting around $0.769 and still +76.1% on the day.
Volume isn’t huge compared with some recent maniacs, but $60M USDT is enough to make the move matter.
The weird part?
$VELVET is still holding near the top instead of instantly puking the candle back.
Bull side: keep $0.70-$0.72 defended and this can stay nasty.
Bear side: lose that zone and the whole vertical candle starts looking very expensive very fast.
Right now?
Momentum owns the chart.
Risk owns everyone chasing it. 👀
What do you think ?? is this just a massive vertical hype pump? 🤔