$VELVET Told y’all the other day Velvet was on its last legs.
It kept vacuuming up liquidity and hunting anyone running even 2x leverage. Once you see those moves, the end is pretty obvious.
Yesterday it pumped to $0.9, then got wrecked down to $0.1 — almost a 90% dump. Glad we stayed out. If we’d opened a position they would’ve come for us too.
Sometimes the best trade is just watching and learning how these games get played.
It kept vacuuming up liquidity and hunting anyone running even 2x leverage. Once you see those moves, the end is pretty obvious.
Yesterday it pumped to $0.9, then got wrecked down to $0.1 — almost a 90% dump. Glad we stayed out. If we’d opened a position they would’ve come for us too.
Sometimes the best trade is just watching and learning how these games get played.