$VELVET ‌ET – Don't Believe the Rally

$VELVET rebounded to around $0.55 after suffering an 80% decline yesterday.
This move could be viewed as a dead cat bounce rather than the start of a sustainable recovery. Many holders who stayed through the crash, along with traders waiting for a rebound, may still be looking for an exit opportunity.
As always, do your own research and manage risk carefully.
🎯 Target: $0 (bearish outlook)
A few notes:
A dead cat bounce is a temporary recovery in price during a broader downtrend.
A target of $0 is an extremely bearish prediction and should be treated as an opinion rather than a certainty.
Sharp rebounds after large crashes are common because of short covering, bargain hunting, or oversold conditions.