XVG Verge Short Term Idea

Verge is looking very strong in the lead up to an anticipated announcement on the 17th.

During retracements in this run on the 4hr chart its been bouncing off the 20ema and 50.00 on the RSI

Buy range -

1100 - 1200 sats, I will be looking to buy when RSI hits 50.00 on the 4hr chart

Stop loss will be set at 1090.

Targets (previous resistance/support/fib levels) -

1600
1950

I will look to take profit at first target, and then near the second prior to the announcement. Don't see XVG slowing down before then.

Zlecenie aktywne:

BTC jump up gave us the XVG drop we were after... RSI (just about) hit 50 and bounced

Missed a cheap buy at as low as 1050 sats! But oh well...

Long at 1143 satoshis

Zlecenie zamknięto ręcznie:

Doesn't look like target will be hit.
Pretty big sell off has started.
Sold for a small profit at 1173 sats.