✳️Verge/BTC (6/12) View + Trading Plan #XVG $XVG
After rising sharply from 25st to 55sts as our previous analysis, XVG continues to be rejected and is priced lower than 40sts, this is a very strong resistance zone and it will be very difficult to conquer.
Currently, XVG is heading to the 30sts zone and this is a good buy zone for XVG for the targets of 40sts - 60sts and even 75sts. The 60sts could be a reversal zone and might end the uptrend of XVG
But if the 27-30sts zone is lost, the XVG will fall to the 18-20sts zone so be careful.
📈BUY-LONG
-Buy: 27-30sts.SL if B
📉SELL-SHORT
-Sell: 40-43sts.SL if A
-Sell: 60-63sts.SL if A
-Sell: 72-75sts.SL if A
♻️BACK-UP
-Sell: 27-30sts.SL if A
-Buy: 18-20sts.SL if B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
Currently, XVG is heading to the 30sts zone and this is a good buy zone for XVG for the targets of 40sts - 60sts and even 75sts. The 60sts could be a reversal zone and might end the uptrend of XVG
But if the 27-30sts zone is lost, the XVG will fall to the 18-20sts zone so be careful.
📈BUY-LONG
-Buy: 27-30sts.SL if B
📉SELL-SHORT
-Sell: 40-43sts.SL if A
-Sell: 60-63sts.SL if A
-Sell: 72-75sts.SL if A
♻️BACK-UP
-Sell: 27-30sts.SL if A
-Buy: 18-20sts.SL if B
❓Details:
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
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