VELO/USDT Market Observation: This rally has shifted from the expansion phase to a correction, with a lack of rebound after key supply zones were breached. Looking at the chart, repeated upper shadows appear at the top, and the price struggles to stabilize at high levels. Behind this is the gradual distribution by large investors. After breaking below support levels, the price may continue to weaken. Before testing the next key support, cautious sentiment dominates the market.
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LiquidationAlert
· 9h ago
Are big players tired of using this trick for distribution and doing it again?
VELO/USDT Market Observation: This rally has shifted from the expansion phase to a correction, with a lack of rebound after key supply zones were breached. Looking at the chart, repeated upper shadows appear at the top, and the price struggles to stabilize at high levels. Behind this is the gradual distribution by large investors. After breaking below support levels, the price may continue to weaken. Before testing the next key support, cautious sentiment dominates the market.