$VELVET WHAT'S GOING ON?
Around noon today, Velvet which had been quiet for a long time started moving again. In just 3 hours, it surged from the 180M level to nearly 400M.
In other words, I don’t think this rally which is more than a 2x increase will continue. It’s a disruptive move following a long period of sideways trading and liquidity accumulation.
This rally will not continue. I expect it to fall back to the same level.
Around noon today, Velvet which had been quiet for a long time started moving again. In just 3 hours, it surged from the 180M level to nearly 400M.
In other words, I don’t think this rally which is more than a 2x increase will continue. It’s a disruptive move following a long period of sideways trading and liquidity accumulation.
This rally will not continue. I expect it to fall back to the same level.