$XVG Conservative Entry: Wait for a clear bullish reversal signal like a higher high and higher low formation or a bullish engulfing candle. You could also consider entering on a pullback to the 0.015 level.
Aggressive Entry: Enter at the current price of 0.016325, assuming the bullish trend continues.
Stop-Loss:
Conservative Stop-Loss: Place the stop-loss below the recent swing low (around 0.0137) to limit potential losses.
Aggressive Stop-Loss: Place the stop-loss slightly below the entry price (e.g., 0.016).
Profit Targets:
Short-Term Target: Aim for a profit target of 5-10% from your entry price. This could be around 0.017-0.018.
Intermediate-Term Target: Consider a target near the 0.018 level, which represents a significant resistance level.
Long-Term Target: If the overall market sentiment remains bullish, you could set a longer-term target near the 0.02 level.
Key Levels:
Resistance: 0.018
Support: 0.015, 0.0137
Risk Management:
Always use a stop-loss order to limit potential losses.
Consider using a trailing stop-loss to lock in profits as the price moves in your favor.
Don't risk more than you can afford to lose.
Diversify your portfolio to reduce risk.