$XVG
/USDT) Short Trade Opportunity
The chart for XVG/USDT on a 15-minute timeframe suggests a potential short-term bearish reversal. The recent price action appears to be forming a Bearish Engulfing or Evening Star-like pattern within the highlighted red zone, indicating a loss of upward momentum and a shift in sentiment.
* Entry Price: Initiate a short position around \approx 0.005120 - 0.005140.
* Stop Loss (SL): Place SL tightly at \approx 0.005165 to manage risk effectively.
* Target 1 (T1): \approx 0.005080 (top of the green box)
* Target 2 (T2): \approx 0.005060 (main target, aligning with the green box)
Market's Next Move (Pattern Bearish): Based on the identified bearish candlestick pattern, the market is expected to experience a short-term bearish move, leading to a retracement from current levels.