I was up 107% on my $VELVET short when the price reached $0.92, but I decided not to close the position because I believe the broader bearish trend is still intact. In my view, the move from $0.92 to $1.22 was a relief rally rather than a full trend reversal. I'm continuing to hold my position because I think further downside is possible, with $0.50 remaining my personal bearish target if the current trend continues. Of course, this is my opinion based on my analysis, and I'll continue to manage my risk if the market proves me wrong.

Short $VELVET here 👇
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