Here’s a short‑trade (bearish) setup for Verge ($XVG ) based on current market data and technical levels (not financial advice):
🔹 Approx. Current Price: ~$0.0059 USD 📊
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🔴 SHORT SETUP — $XVG
Entry Zone (Short):
▪ 0.00605 – 0.00630 (near recent resistance and pivot range)
Stop‑Loss (SL):
▪ 0.00660 (above key resistance zone)
Profit Targets (TP):
🎯 TP1: 0.00566 (first support)
🎯 TP2: 0.00530 (next support zone)
🎯 TP3: 0.00500–0.00490 (lower support cluster)
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📉 Why This Setup (Logic)
Resistance ahead: Price has been struggling around ~$0.0060 – 0.0063, a rejection zone where sellers may re‑assert control.
Bearish structure: Short‑term indicators lean negative or neutral while price is below key resistance levels.
Support levels: Key supports near ~$0.0056 and ~$0.0053 act as logical profit zones for a short move down.
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⚠️ Risk & Trade Tips
✔ Keep SL tight above the resistance zone to limit losses.
✔ Consider scaling out profits at TP1 to protect capital.
✔ Watch for a break above the SL area — that could invalidate the bearish setup.
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If you tell me your timeframe (e.g., 1h, 4h, Daily), I can tailor these levels specifically for that chart timeframe. 📈#XVGARMY #ZTCBinanceTGE #WriteToEarnUpgrade #CPIWatch