🩸 Shared the #VELVET short at 0.88, today it is trading near 0.15 📉 that is the trade working.
📊 Why it keeps bleeding:
💥 Ran almost entirely on leverage, futures dwarfed spot, so every bounce gets sold into
🧊 TVL under $1M vs a bloated market cap, no real floor underneath
📅 Insider unlocks still dripping supply into a falling market
🔎 Price action observation only, not an accusation: large team-linked and market-maker wallet flows to exchanges were tracked during the June pump. Thin spot + heavy leverage + supply overhang = knife with no handle. Chart no lie 🕳️
📌 Track record: prior short share on #Esports #Tac #SkyAI all bled 95%+. Same setup here.
dont buy Velvet it will dump to $0.05
#VELVET #DeFAI #RiskManagement #Liquidations
📌 Sharing personal opinions only
not financial advice or a recommendation to buy/sell. Crypto is highly risky; DYOR and you are solely responsible. No coin promotion.
📊 Why it keeps bleeding:
💥 Ran almost entirely on leverage, futures dwarfed spot, so every bounce gets sold into
🧊 TVL under $1M vs a bloated market cap, no real floor underneath
📅 Insider unlocks still dripping supply into a falling market
🔎 Price action observation only, not an accusation: large team-linked and market-maker wallet flows to exchanges were tracked during the June pump. Thin spot + heavy leverage + supply overhang = knife with no handle. Chart no lie 🕳️
📌 Track record: prior short share on #Esports #Tac #SkyAI all bled 95%+. Same setup here.
dont buy Velvet it will dump to $0.05
#VELVET #DeFAI #RiskManagement #Liquidations
📌 Sharing personal opinions only
not financial advice or a recommendation to buy/sell. Crypto is highly risky; DYOR and you are solely responsible. No coin promotion.
