$VELVET didn't rally. It handed out bags.

+117% in 24 hours, then straight red. That's not momentum — that's a trap door swinging shut.

Long upper wicks everywhere. Zero follow-through. Late buyers got euphoric near 1.09 — now they're watching price bleed through support with no bid in sight. Classic distribution dressed up as a breakout.

When a coin explodes on pure hype and can't hold a level to save its life, gravity does the rest.

The Plan — Short $VELVET

Entry: 0.796 – 0.805

Stop: 0.850

Targets: 0.720 / 0.650 / 0.580

If 0.850 reclaims, thesis is dead. Until then, lower highs and lower lows tell the only story that matters. Weakness isn't a dip to buy — it's a signal to obey.

Let the exit play out. Don't catch what's already falling.

Trade $VELVET here 👇

VELVETUSDT

Perp

0.3771

-14.23%