SHORT SETUP - $XVG
Entry: 0.007368 – 0.007248
SL: 0.007718
TP:
– TP1: 0.006817
– TP2: 0.006478
Reason for entry:
Price was strongly rejected at the resistance zone, below the Ichimoku cloud → trend remains weak. Bollinger bands are narrowing, price failed to break above the upper band. MACD is still below 0, rebound strength is weak. RSI only retraced technically around 50, not yet entering bullish territory. Overall structure remains bearish → prefer SHORT on retracement.
XVGUSDT
Perp
0.006346
+4.27%