$VELVET next pump.
Hell no.
It's a gamble.
Buying
$VELVET is the most reckless trade execution you could play
Here is why?
3 months ago I wrote a post where I warned some of you who are buying
$SIREN and
$RAVE dump thinking it will pump back.
That's not how Binance Alpha TGEs and Ai narratives whales play the game.
When a token gives a face-melting pump, and dumps, it doesn't pump back immediately.
Fact is, 90% of tokens that delivered 50X- 200X pump do not pump back again to a new all time high.
You can see that with
$ZORA,
$MYX,
$COAI,
$AIA,
$RIVER,
$PIPPIN,
$RAVE,
$TRADOOR and
$SIREN.
Will there ever pump, maybe, but bidding their dump with the hopium of them pumping is a terrible risk to take.
Yes, some after a terrible dump can do 50%- 300% pump to lure in retailers to dump more, example is
$SIREN and
$GAU.
However, when
$GAU dumped, most people thought it will they're buying cheap, and it gave almost 300% pump later but dumped back.
Thesame play with now with
$ESPORTS, after the terrible dump, it has pumped 400% giving retailers the hopium of a comeback but it just matter of days, it will dump back.
There might be a very few exceptions like
$H whose dump is as result of external exploit.
What am I trying to say?
It's better to avoid a pumped and dumped coin than buying it with the hope of next pump.
However, if a coin pumps and spends months and you see accumulation ongoing on the chart, you can still bid on it.
Currently example is
$BEAT, after 20X pump it did last year when I called it and dumped, 7 months later, it's done over 50X.
Thesame thing will happen to
$POWER and
$FOLKS, I called both by December last year, it pumped over 15X and 20X respectively and dumped, it's currently going through re-accumulation for another pump.
In sum, avoid
$VELVET, is there possibility of pumping again instantly, maybe 50%—300% up but it's not worth the risk, except you want to scalp it on futures.
But a disciplined trader doesn't go into trades the risk involved is not in his control.
Also, note that I said the no come back pump hope often don't come to tokens that pump 50X and above.
$VELVET is not among that group, as what it delivered was a 20X pump.
In essence, AVOID PUMPED AND DUMPED tokens.