🚨 $VELVET – Don’t Be Fooled by the Rally
After crashing nearly 80% yesterday, $VELVET managed to bounce back and briefly reach the $0.55 area.
While this move may look bullish at first glance, it could simply be a classic dead cat bounce rather than the start of a real recovery.
Many holders who didn't sell during the crash — along with traders waiting for a rebound — are still trapped in the position. That often creates selling pressure on any short-term rally.
For now, I remain extremely cautious. Price action can be deceptive after major crashes, and preserving capital should always come first.
🎯 Bearish outlook: $0
As always, this is just a personal opinion, not financial advice. Do Your Own Research #VELVETUSST #VelvetUpdate $VELVET #VELVET突破 #VELVET📈 #VELVETUSDT
