VELVET sees a bearish breakout and price decline—wait for the sell pressure to slow down before rushing to catch the rebound.
The real spotlight in this move is that VELVET’s price decline and the surge in trading volume occur simultaneously, with the sell pressure having progressed from the candlesticks to actual executed trades. Here’s the data: Chain Trend Pool #5, current price at $1.037. In the past hour, it’s down 7.34%; the trading volume is 780,000 stablecoins. Over the past 24 hours, it’s -5.74% with trading volume of 11.244 million stablecoins, liquidity of 6.193 million stablecoins, and the number of buy/sell transactions in the last hour at 3,878/4,064.
Going forward, there are only two ways this can play out: either成交 continues to expand, indicating sell pressure is still spreading; or the price stabilizes and stops falling while trading volume slows down—panic will start being absorbed.
Trading view: For now, VELVET is leaning bearish—don’t rush to grab the first rebound. I only watch for one condition: if, in the next window, the price stops falling and the sell pressure slows down, then this bearish assessment is invalid. If trading continues to accelerate and liquidity keeps thinning, the risk hasn’t been fully released yet. Conversely, price stabilizing with shrinking volume is the first repair signal.
In the next window, will you hold your position forward, or pull back?
#VELVET
The real spotlight in this move is that VELVET’s price decline and the surge in trading volume occur simultaneously, with the sell pressure having progressed from the candlesticks to actual executed trades. Here’s the data: Chain Trend Pool #5, current price at $1.037. In the past hour, it’s down 7.34%; the trading volume is 780,000 stablecoins. Over the past 24 hours, it’s -5.74% with trading volume of 11.244 million stablecoins, liquidity of 6.193 million stablecoins, and the number of buy/sell transactions in the last hour at 3,878/4,064.
Going forward, there are only two ways this can play out: either成交 continues to expand, indicating sell pressure is still spreading; or the price stabilizes and stops falling while trading volume slows down—panic will start being absorbed.
Trading view: For now, VELVET is leaning bearish—don’t rush to grab the first rebound. I only watch for one condition: if, in the next window, the price stops falling and the sell pressure slows down, then this bearish assessment is invalid. If trading continues to accelerate and liquidity keeps thinning, the risk hasn’t been fully released yet. Conversely, price stabilizing with shrinking volume is the first repair signal.
In the next window, will you hold your position forward, or pull back?
#VELVET