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tredingcuminity
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$VELVET Hits a New ATH!
Velvet skyrocketed to a new all-time high late last night, currently sitting at $2.17.
If you’ve been following along, I’ve spent the last two days warning against opening short positions too early. That said, I haven’t jumped into a long position either—as history shows, tokens with this kind of explosive momentum can easily drop 90% in the blink of an eye.
The smartest, safest strategy right now is to wait for the upward momentum to cool down before scouting for a solid short entry. Personally, I expect this current ATH to get broken as the price pushes closer to the $3.00 mark.
Let’s keep a close eye on the charts together. Stay tuned for the right entry point!
#Velvet #cryptouniverseofficial #tredingcuminity
Velvet skyrocketed to a new all-time high late last night, currently sitting at $2.17.
If you’ve been following along, I’ve spent the last two days warning against opening short positions too early. That said, I haven’t jumped into a long position either—as history shows, tokens with this kind of explosive momentum can easily drop 90% in the blink of an eye.
The smartest, safest strategy right now is to wait for the upward momentum to cool down before scouting for a solid short entry. Personally, I expect this current ATH to get broken as the price pushes closer to the $3.00 mark.
Let’s keep a close eye on the charts together. Stay tuned for the right entry point!
#Velvet #cryptouniverseofficial #tredingcuminity
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