$XVG — Strong Breakout From Base, Momentum Active
Guys, the structure is now completely clear here.
$XVG has given a strong impulse from the 0.00495 accumulation base and has cleared multiple resistances in one move. This kind of candle usually indicates that demand has completely absorbed supply.
The price is now holding above the breakout zone, which is a positive sign for continuation.
Trade Setup (Bullish Continuation):
Entry Zone: 0.00545 – 0.00520
Target 1: 0.00610
Target 2: 0.00680
Target 3: 0.00760
Stop-Loss: 0.00495
Avoid chasing.
If a pullback occurs and it holds above 0.00495, then the chance for the next upside leg will remain strong.
XVG
0.007514
+5.40%