The decline of $VELVET this time played out, and the intraday signals were actually quite straightforward.

After opening a short at 1.66025, the price did not mount a decent counterattack. Now it has reached 0.49496, with the bearish rhythm unfolding step by step.
Many initially thought it was just a washout, but it only got weaker, and in the end they found the direction was completely opposite to expectations.
Looking at the live chart, hesitation is the worst enemy under this high-level pressure. Once weakness is confirmed, one must dare to execute.
Currently the yield is +696.08%. I'm taking profit on 80% of my short position first, and keeping the remaining 20% open to see further.
It's not that I'm reluctant to close, but the downtrend rhythm hasn't completely broken yet, so I'm leaving a small position for the extension of the move.
A stop-loss position is already set. If the bounce back is too strong later, I'll close it directly.
After profits, one must not get carried away even more.
Chasing at 0.49496 now, the risk-reward is not comfortable anymore. Those who missed it should wait for the next opportunity.
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