$VELVET suddenly thrusts a “heaven-earth needle”! Is this a shakeout or a distribution?
Just now the range went straight to max—both the upper and lower shadows are extremely long. It’s being shaken very aggressively. When I see this “needle,” my first reaction isn’t to chase longs immediately; it’s to first check whether the volume can hold up.
With this kind of price action, many times it’s funds using the opportunity to unload, not truly accumulating. On the 4-hour timeframe, although there was a rise, the speed and depth of the pullback are more decisive than the rise itself—this is already a sign of weakness.
When you move to the daily chart, the price center of gravity is still slowly drifting downward. This bounce looks more like a pause during a down move rather than a confirmed trend reversal.
If this round of rebound can’t keep expanding in volume and hold steady, the logic for the shorts will be further confirmed. Today, I brought my fans and made quick profit shorting at the very top for a moment. As for the key changes in $VELVET , I’ll update you in the chat room.
#标普500期货下跌
Just now the range went straight to max—both the upper and lower shadows are extremely long. It’s being shaken very aggressively. When I see this “needle,” my first reaction isn’t to chase longs immediately; it’s to first check whether the volume can hold up.
With this kind of price action, many times it’s funds using the opportunity to unload, not truly accumulating. On the 4-hour timeframe, although there was a rise, the speed and depth of the pullback are more decisive than the rise itself—this is already a sign of weakness.
When you move to the daily chart, the price center of gravity is still slowly drifting downward. This bounce looks more like a pause during a down move rather than a confirmed trend reversal.
If this round of rebound can’t keep expanding in volume and hold steady, the logic for the shorts will be further confirmed. Today, I brought my fans and made quick profit shorting at the very top for a moment. As for the key changes in $VELVET , I’ll update you in the chat room.
#标普500期货下跌
