A 50% daily candle is attention—not confirmation.
At 20:48 ICT, CoinGecko and CoinMarketCap placed VELVET near $0.68–$0.69, up about 50–51% in 24 hours. Volume reached roughly $29–31 million, around 570–600% above the prior day. But the same feeds showed a huge $0.42–$0.86 daily range, and price had already retreated about 21% from the high.
That combination means momentum is real, but execution risk is elevated: wider spreads, slippage, and sharp reversals can dominate after vertical moves.
Practical takeaway: judge risk from distance to invalidation, not from the size of the gain. A smaller position in a volatile asset can carry more risk than a larger position in a stable one. #RiskManagement $VELVET
At 20:48 ICT, CoinGecko and CoinMarketCap placed VELVET near $0.68–$0.69, up about 50–51% in 24 hours. Volume reached roughly $29–31 million, around 570–600% above the prior day. But the same feeds showed a huge $0.42–$0.86 daily range, and price had already retreated about 21% from the high.
That combination means momentum is real, but execution risk is elevated: wider spreads, slippage, and sharp reversals can dominate after vertical moves.
Practical takeaway: judge risk from distance to invalidation, not from the size of the gain. A smaller position in a volatile asset can carry more risk than a larger position in a stable one. #RiskManagement $VELVET