๐ฆ๐๐$XVG ๐๐It's yours, and you shouldn't ignore it.๐๐๐๐ฆ๐ฆ
Current price: $0.00730 | ๐ +20% | RSI (14) Indicator: 80.21 (Severely Overbought)
Strategy: High Probability Reversal Trade
Entry: $0.007300 - $0.007310
Stop Loss: $0.007360 (Risk 0.8%)
First Profit Target: $0.007100 (Profit 2.8%)
Second Profit Target: $0.006950 (Profit 4.8%)
Risk/Reward Ratio: 1:3.5+
Why This Trade Was Successful:
โ Extreme divergence in the RSI indicator (a move above 80 implies a 72% probability of a reversal)
โ Triple-top resistance at the 24-hour high
โ Weak volume at the highs
โ Convergence of moving averages as resistance
โ Formation of a Wyckoff distribution pattern
Risk Management:
โข Position Size: Maximum 3% of Portfolio
โข Place Stop Loss at Breakeven after the target is reached First scenario:
โข Take partial profits at the first target (50%)
Alternative scenario:
Break and close above $0.007320 โ Continued upward movement towards $0.007500
๐ฆ๐๐$COLLECT ๐๐Don't miss out on opportunities๐๐๐๐ฆ๐ฆ
๐ฆ๐๐$CLO ๐๐๐๐Don't miss out on opportunities๐๐๐๐ฆ๐ฆ
๐ฆ๐ฆ๐๐mansooralrhyb๐๐๐ฆ๐ฆ