Just pulled up this chart guys
$VELVET /USDT — NO TRADE
Why no trade?
VELVET just pumped 66% in a single day — from 0.42 to 0.88 — and is now sitting at 0.72 after rejection from the top. That's a classic overextended move with no clear consolidation.
The risk/reward here is terrible. Entering now means chasing a move that's already exhausted. Smart money waits for retests — not breakouts that already ran.
I'll reconsider VELVET if it pulls back to 0.55-0.60 zone with volume confirmation. Until then, I'm watching from the sidelines.
Patience isn't boring — it's profitable.
$VELVET /USDT — NO TRADE
Why no trade?
VELVET just pumped 66% in a single day — from 0.42 to 0.88 — and is now sitting at 0.72 after rejection from the top. That's a classic overextended move with no clear consolidation.
The risk/reward here is terrible. Entering now means chasing a move that's already exhausted. Smart money waits for retests — not breakouts that already ran.
I'll reconsider VELVET if it pulls back to 0.55-0.60 zone with volume confirmation. Until then, I'm watching from the sidelines.
Patience isn't boring — it's profitable.