🔥 $XVG Corrective dip in an overall bullish setup, nothing too alarming yet.
The 4-hour candles during the rally were lit with huge volume, latest candle's quieter though, so probably just consolidating for now.
Futures are seeing solid inflows, like 555K over 4h and 373K in 24h – leveraged traders are definitely fueling this. Spot side has outflows, so it's more of a derivatives play.
*My thoughts $XVG :
Cautiously bullish, I reckon it could keep going after this dip. MACD's crossed bullish, price is above key MAs, and volume backs it up. But RSI's getting overbought and we're hugging the upper Bollinger, so a little pullback makes sense before the next run. High-vol alt like this though, watch out – that 8.28% 24h move could flip quick if sentiment shifts. Size your positions small.
*Entry ideas:
Sweet spot for me: 0.00525-0.00535 (around MA5 and old resistance that's now support). If you're aggressive, current ~0.005505 with a super tight stop could work.
*Stop-loss: around 0.00505 (just under Support) to keep risk in check.
*Targets:
First aim: 0.006035 (Resistance), Then scale out at 0.006485 (next resistance)
Anyone else eyeing XVG? You in on the dip, or sitting this one out? #xvg #XVGUSDT #verge