This $XVG /USDT chart on a 15-minute timeframe shows a strong uptrend over the past 24 hours, with a price increase of approximately 25.88%.
The current price is $0.013392, slightly retracing from the recent 24-hour high of $0.014782. Here's a professional analysis:
1. Long Entry: Consider entering long if the price breaks above $0.0138 with strong volume. This indicates bullish momentum continuation.
2. Stop Loss (Long): Place the stop loss at $0.0130 to minimize risk in case of a breakdown.
3. Target (Long): Aim for a target of $0.0145 initially, and possibly extend to $0.0150 if momentum sustains.
4. Short Entry: If the price drops below $0.0130 with confirmation, consider shorting as it may signal a trend reversal or consolidation phase.
5. Stop Loss (Short): Place the stop loss for a short position at $0.0138.
6. Target (Short): Set a target near $0.0122, aligning with previous support levels.
Given the 15-minute timeframe, be mindful of quick price movements and adjust your strategy if a breakout or breakdown invalidates your entry points. Always use proper risk management.
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