🔥 $XVG is pulling back a bit after that quick 14% pump from 0.004642 to 0.005296, but it's still very much in an uptrend – just a healthy correction for now.
*Volume glance: 4h volume is dropping off during this dip (down to 2.06B from 5.83B earlier), which looks more like profit-taking than real panic selling. 24h volume is still solid at 1.76B, so interest hasn't dried up.
*Capital flow: Mixed picture. 1h inflows are nice (+26k), but 4h has some outflows (-43k), and longer-term (7D) is negative (-1.49M) – probably some distribution going on. Short-term (5m-30m) outflows too, so yeah, caution is smart right now.
*Price action $XVG : Pullback hit right around the 38.2% Fib level at 0.005078. Latest 4h candle formed a nice hammer, which is encouraging for a reversal at support. Higher lows are still holding above 0.004750, so the structure looks intact.
*My plan $XVG : Cautious long with tight risk – don't want to get caught if it turns.
- Entry: Primary – wait for a dip to 0.00495–0.00498 (around MA10 support).
Secondary – breakout above 0.00514 (MA5) with good volume. Skip chasing above 0.00520; momentum's fading there.
- Stop-loss: Around 0.00480 (3.5% below entry) – below Support and the recent swing low.
- Targets: TP1 at 0.00536 (Resistance), TP2 at 0.005604 (next resistance) if it runs
Watching for volume to pick up above 0.00515; that's the confirmation we need. Anything below 0.00480 kills the bullish case. #xvg #XVGUSDT #verge