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$VELVET JUST CRASHED 18% AFTER A 571% RUN – WHAT'S NEXT ⚡
This is the kind of correction that separates the weak hands from the ones who understand the game. $VELVET gave back 18% in a day, but the momentum behind it is still alive – funding rates remain positive at 0.0044% despite $24M flowing out of perpetuals over two weeks.
That tells me this is profit-taking, not panic. The key support trendline that has triggered three bounces is being tested right now. If it holds, expect a sharp recovery. If it breaks, the next serious demand zone sits near 0.45.
Are you buying the dip or waiting for a sweep to 0.45?
Not financial advice. Always manage your risk.
#VELVET #Correction #Bullish #FundingPositive
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This is the kind of correction that separates the weak hands from the ones who understand the game. $VELVET gave back 18% in a day, but the momentum behind it is still alive – funding rates remain positive at 0.0044% despite $24M flowing out of perpetuals over two weeks.
That tells me this is profit-taking, not panic. The key support trendline that has triggered three bounces is being tested right now. If it holds, expect a sharp recovery. If it breaks, the next serious demand zone sits near 0.45.
Are you buying the dip or waiting for a sweep to 0.45?
Not financial advice. Always manage your risk.
#VELVET #Correction #Bullish #FundingPositive
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