Chart Analysis:$XVG

Key Trends:

The price is in a downtrend as seen from the position of EMA(7), EMA(25), and EMA(99). EMA(7) and EMA(25) are below EMA(99), indicating bearish dominance.

Level Support dan Resistance:

Support: The lowest price in the last 24 hours is at 0.01536, which could be a support area.

Resistance: The highest price in the last 24 hours is at 0.017668, which is resistance.

RSI Indicator:

The RSI is around 50, indicating neutral conditions, not yet showing overbought (70+) or oversold (30-).

MACD indicator:

The MACD value is in the positive zone (+0.000026) but very thin, indicating weak bullish momentum.

Buy and Sell Strategy:

1. Buy Strategy:

Buy at Support: Wait for the price to approach the support level (0.01536). If the price touches the support and there is a bullish candlestick (eg bullish engulfing or hammer), it could be a signal to buy.

RSI Confirmation: Make sure the RSI is approaching or below 30 (oversold) to confirm that the price is in the oversold area.

Entry on Breakout: If price breaks EMA(25) and EMA(7) crosses EMA(25) upwards, it could be an early signal of a trend reversal.

2. Sell Strategy:

Sell ​​at Resistance: Sell at the resistance area of ​​0.017668 or if a strong bearish candle occurs after a rise.

RSI Confirmation: RSI approaching 70 (overbought) can be a signal that the price will correct.

Trailing Stop-Loss: If the price continues to rise after a buy position, use a trailing stop-loss to secure profits.

3. Risk Management:

Stop-Loss: Set a stop-loss below the nearest support (e.g. 0.0152) to limit losses.

Take-Profit: Set take-profit at the next resistance level or use a risk:reward ratio of at least 1:2.

Conclusion:

Focus on signals around support and resistance by utilizing the RSI and MACD indicators for confirmation. Also pay attention to trading volume because large volumes usually support significant price movements. Make sure to always manage risk with stop-loss and take profit