$XVG /USDT – Overextended Rally? Price Breaks Above Upper Band!

$XVG jumps over 9%, but now trades above the Bollinger Upper Band — a typical warning sign of overbought conditions. A healthy pullback could follow. 🚨

📍 Current Price: $0.005206 (+9.32%)

📈 24h High: $0.005230

📉 24h Low: $0.004730

🔁 24h Volume: 264.43M XVG / $1.32M USDT

🔥 Category: PoW | Gainer | Traders League

📊 Bollinger Bands (20,2):

🔹 Upper Band (UP): $0.005174

🔹 Middle Band (MB): $0.005021

🔹 Lower Band (DN): $0.004868

🔎 XVG broke above the upper band but is struggling to push further — bull exhaustion may be near.

🎯 Bearish Setup – Scalping Reversal Idea

🔴 Entry Zone:

$0.00520 – $0.00523 (resistance zone above upper BB)

❌ Stop Loss:

$0.00526 (confirmed breakout and trend continuation)

📉 Target 1:

$0.00510 (near-term support)

📉 Target 2:

$0.00502 (middle band – trend equilibrium)

📉 Target 3 (Extended):

$0.00487 – $0.00473 (lower band & 24h support)

🧠 Pro Tip:

When price pierces the upper BB, it often retraces to the middle

Perfect for short-term fade traders or counter-trend scalpers

Confirm with a 15m bearish candle under $0.00520

⚠️ Invalidation: Clean breakout above $0.00526 flips bias bullish — exit short immediately.

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