$VELVET lost bullish momentum. Close this trade

VELVET20,33%
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DustyAirdropper
· 04-25 13:24
It does seem to be weakening, so let's pull back first.
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LiquidityLifeguard
· 04-24 20:36
Take profit / stop loss to secure gains, wait for the right setup before proceeding.
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YieldGoblin
· 04-23 11:13
What signals do you use to determine that momentum is weakening? Is it MACD divergence or declining volume?
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NightTideShell
· 04-23 11:08
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
· 04-23 11:03
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
· 04-23 11:00
$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
· 04-23 10:50
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
· 04-23 10:46
Agreed, earning less is still better than giving it all back.
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