Recently, the rapid increase of $VELVET has led to a short-term surge.
There are signs of loosening in the positions, and selling pressure is evident, with profit-taking starting to occur.
From the candlestick chart perspective: the price has deviated from the moving average support.
Funding is gradually becoming cautious, with a decrease in willingness to take positions.
There is a massive accumulation at high levels, and once it breaks, it will accelerate downward.
Those following shorts at relatively high levels have secured a profit of 2.5 times this morning.
Do not blindly chase after prices at high levels; following the trend is the way to make substantial profits.
