$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 ❤️
