$VELVET 📢Guys, we have an extremely strong momentum with continued growth!
Going short right now is extremely risky. The rally is still ongoing, and trying to catch the high on this kind of momentum can end up costing a lot.
What do we do?
We wait for the first pullbacks and for large capital to enter the range. Only after the whales start to reduce their positions and the chart shows real weakness will we look for a reasonable entry point to build short positions.
Going short right now is extremely risky. The rally is still ongoing, and trying to catch the high on this kind of momentum can end up costing a lot.
What do we do?
We wait for the first pullbacks and for large capital to enter the range. Only after the whales start to reduce their positions and the chart shows real weakness will we look for a reasonable entry point to build short positions.