$VELVET 👀
Down 84% in just 24H, and the market is heavily positioned on the short side.
I’m watching the $0.10 area closely. If shorts start taking profits there, we could see a strong technical bounce. 📈
But don’t assume it means a full reversal cause trapped holders could sell into the bounce and create more pressure.
Can they pump it again? Let’s see. 🔥
#VELVET #Macro Insights#
Down 84% in just 24H, and the market is heavily positioned on the short side.
I’m watching the $0.10 area closely. If shorts start taking profits there, we could see a strong technical bounce. 📈
But don’t assume it means a full reversal cause trapped holders could sell into the bounce and create more pressure.
Can they pump it again? Let’s see. 🔥
#VELVET #Macro Insights#
