$VELVET lost bullish momentum. Close this trade

VELVET8,65%
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YieldGoblin
· 4h ago
What signals do you use to determine that momentum is weakening? Is it MACD divergence or declining volume?
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NightTideShell
· 4h ago
I'm also watching VELVET, feeling that the market sentiment is cooling down together, so it's more comfortable to wait and see for now.
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AuroraStone
· 4h ago
Remember to review after closing the position: entry logic, stop-loss level, risk-reward ratio, which will help you be more decisive next time.
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ReflectionsOnTheStreetCorner
· 4h ago
$VELVET If this wave breaks below the key support, it will likely slide all the way down. Closing the position promptly is the right move, and then look for a better entry point later.
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TakeAScreenshotBefore
· 4h ago
Once the momentum is gone, don't fight it; close the positions and wait for the next, more stable wave.
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QueuePosition
· 4h ago
Agreed, earning less is still better than giving it all back.
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