If you are trying to catch the falling knife on $VELVET right now, prepare to watch your portfolio vaporize!
Everyone buying the dip thinks they are geniuses, but the brutal reality shows $VELVET collapsing over -54.39%. An elite cartel of 64 smart-money whales are holding massive short positions worth $2.39M, sitting on nearly a million dollars in pure profit with an entry at 0.9899 USDT. Meanwhile, 53 trapped bulls are fighting for survival, drowning in huge losses with a disastrous average entry of 0.8636 USDT. The whales are aggressively forcing this lower, and the selling pressure is nowhere near over. I am going short to ride this capitulation phase before the final floor completely falls out.
My Setup:
Entry Zone: 0.6950 - 0.7150 USDT
Take Profit: 0.5800 USDT
Stop Loss: 0.7850 USDT
Everyone buying the dip thinks they are geniuses, but the brutal reality shows $VELVET collapsing over -54.39%. An elite cartel of 64 smart-money whales are holding massive short positions worth $2.39M, sitting on nearly a million dollars in pure profit with an entry at 0.9899 USDT. Meanwhile, 53 trapped bulls are fighting for survival, drowning in huge losses with a disastrous average entry of 0.8636 USDT. The whales are aggressively forcing this lower, and the selling pressure is nowhere near over. I am going short to ride this capitulation phase before the final floor completely falls out.
My Setup:
Entry Zone: 0.6950 - 0.7150 USDT
Take Profit: 0.5800 USDT
Stop Loss: 0.7850 USDT