$XVG Price Analysis Symmetrical Triangle Setup.

The $XVG chart is showing an exciting setup forming a symmetrical triangle pattern on the 4-hour time frame.

This pattern typically indicates a consolidation phase with potential for a strong breakout in either direction.

Current Scenario.

Price Action. $XVG is approaching the lower border of the triangle which acts as an ascending support level.

This area is critical for maintaining bullish momentum.

Volume. A decline in volume often accompanies triangles signaling a major move is near.

Watch for a volume spike during the breakout.

Key Levels to Watch.

Buy Zone.

Look for long entries near the ascending support level of the triangle at $0.0145 – $0.0149.

Targets After Breakout.

If the price breaks above the triangle's resistance.

1. $0.0172 First resistance target.

2. $0.0211 Key medium-term resistance.

3. $0.0251 Major upside level.

4. $0.0300 Psychological level and extended target.

Stop Loss.

Place a stop loss slightly below the lower triangle border at $0.0140.

This ensures limited risk if the price breaks downward.

Risk & Confirmation.

Upward Breakout Signal. A breakout above the upper border (~$0.0162) with strong volume is the confirmation for further upside momentum.

Downside Risk. A breakdown below $0.0140 could lead to further downside with support at $0.0132.

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