$VELVET pumped 1603% in 30 days and 76.94% sellers now waiting to dump 👀
Classic parabolic move with exhaustion setting in. Up 73% today alone but that ask pressure is screaming distribution. Smart money already selling into the hype.
Direction: BEARISH
🔻 Entry: 1.5930 — 1.6500
🛑 SL: 1.8000
🎯 TP1: 1.4000
🎯 TP2: 1.2000
🎯 TP3: 1.0000
Still buying this pump or taking profits?
Classic parabolic move with exhaustion setting in. Up 73% today alone but that ask pressure is screaming distribution. Smart money already selling into the hype.
Direction: BEARISH
🔻 Entry: 1.5930 — 1.6500
🛑 SL: 1.8000
🎯 TP1: 1.4000
🎯 TP2: 1.2000
🎯 TP3: 1.0000
Still buying this pump or taking profits?