$VELVET wow! This rebound from 0.79 to 1.13 isn’t a reversal—it’s distribution. Active sell pressure is overpowering the buy side. The taker buy ratio is 0.487, and over the past 7 hours the active buy volume has dropped by forty percent. The 4.26x bid wall is just a prop for catching up the bag—once the wall gets chewed through, it turns into a waterfall. If it bounces back to 1.05, that’s the point to open a short. Targets are 0.91, 0.79, and 0.60. Stop-loss is 1.20.