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#XVGUSDT — Symmetrical Triangle at Apex: Breakout?

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#XVG

The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary.

The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions.

There is a key support zone (in green) at 0.002086. The price has bounced off this zone several times, making it a strong support level.

The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.

Entry Price: 0.002090
Target 1: 0.002264
Target 2: 0.002312
Target 3: 0.002377

Stop Loss: At the resistance zone (in green)

Remember this simple rule: Money Management.

Any questions? Please leave a comment.

Thank you.
Dagangan ditutup: sasaran tercapai


#XVG
Target 1: 0.002264 Reached
Target 2: 0.002312 Reached
Target 3: 0.002377 Reached

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.