🚨 $XVG Strategy: The Dead Cat Bounce
Don't be fooled by the green candle. $XVG is currently testing the underside of the broken support. We are looking for a precision rejection to "snipe" the next leg down.
Entry Zone: 0.00375 – 0.00385 (Resistance Flip)
TP1: 0.00345 (Local Lows)
TP2: 0.00320 (Liquidity Pool)
TP3: 0.00290 (Macro Support)
Stop Loss: 0.00410 (Above the recent swing high)
Trade Logic:
The massive red candle on the 1h chart created a "Fair Value Gap" (FVG). Price is currently filling that gap, but the volume on this bounce is significantly lower than the selling volume. Talha Sniper waits for the "SFP" (Swing Failure Pattern) at the 0.0038 level. Until the previous structural high is reclaimed, the trend remains bearish.
#XVG #Verge #TalhaSniper #ShortSetup #tradingStrategy
