Stop loss at 0.53 for $VELVET
If it hasn’t reached my level, I won’t open a position. If it’s not up to 0.5722 and not down enough, chasing is just giving away money. In the last 24h it’s up 40%, but the trading volume is only 1.9 billion—can’t hold the current price. 0.6461 at the high is the ceiling. For an intraday pullback, enter at 0.546, stop loss at 0.53, take profit at 0.59, and keep position size under 10% U. If 0.53 gets broken, wait for 0.48—don’t rush in early. Chasing based on leaderboard sentiment is likely a one-day run; when the sentiment cools off, price will drift lower. No trades outside the plan.
If it hasn’t reached my level, I won’t open a position. If it’s not up to 0.5722 and not down enough, chasing is just giving away money. In the last 24h it’s up 40%, but the trading volume is only 1.9 billion—can’t hold the current price. 0.6461 at the high is the ceiling. For an intraday pullback, enter at 0.546, stop loss at 0.53, take profit at 0.59, and keep position size under 10% U. If 0.53 gets broken, wait for 0.48—don’t rush in early. Chasing based on leaderboard sentiment is likely a one-day run; when the sentiment cools off, price will drift lower. No trades outside the plan.