XVG CLOSE 1/2 POSITION
XVG began to move before the main market favorite, showing growth of more than 170%!
Close half of the position, and for the rest, place a stop order!
With a probability of more than 80% the tool will be adjusted and that's why!
The instrument logically came to POC RESISTANCE, resting in the zone of imbalance
CMO shows a bearish divergence, which indicates a forthcoming correction
Teak volumes decrease
Since the fast and average EMA is still higher than the slow one, closing only half the position, the remaining position is put at a price without loss, or by 0.0787, fixing the profit and waiting for correction.
The closest support is EMA 50, the expected tool will come on the support line
Do not forget that globally the XVG is heading to the top, and it's worth watching it closely and searching for entry points. It is also worthwhile to look closely at the favorite of the BTC market, in case of its correction or reversal, the market will follow it
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.