$XVG

$XVG

#XVG /USDT Analysis (For Scalping )

Support and Resistance Levels⚡

Immediate Resistance:

$0.006878 (24h high).

$0.006897 (depth resistance).

Immediate Support:

$0.006462 (24h low).

$0.006505 (depth support).

Volume Insights📢

With a trading volume of $3.89M in USDT, the market activity is low, which could indicate potential for quick price fluctuations within small ranges.

Scalping Strategy:

1. For Bullish Scalping (Long Entry):

Entry🌱
Above $0.006684 confirming a minor bullish break.

Target🎯
$0.006760 (near the 24h high resistance).

Stop-Loss🔴
Below $0.006462 (24h low)
or $0.006505 (support).

For Bearish Scalping (Short Entry):

Entry✨
Below $0.006462 (24h low) or a break of $0.006505 (support).

Target🎯 $0.006438 or $0.006400 (lower support zone).

Stop-Loss:📌
Above $0.006684

Current Sentiment😇

Bearish bias in the short-term due to recent price drop and trading below the EMAs. However, the market is likely to consolidate within a tight range, offering opportunities for both scalping and day trading.
💰
Momentum: The low volume indicates smaller price moves, so trading within support and resistance levels is crucial. A breakout above $0.006684 or below $0.006462 could signal more significant moves.
💰

Recommendation: Monitor the support at $0.006462 and the resistance at $0.006760 for potential breakout trades. Ensure tight stop losses for quick entries and exits, typical of scalping and day trading strategies.
💥Good luck ❤️
#ThanksgivingBTCMoves #XVG/USDT: