technicalrejection

$XVG /USDT BEARISH TECHNICAL ANALYSIS

XVG is showing clear signs of weakness after repeated failures to hold higher levels. The chart structure is forming lower highs, and momentum is shifting downward as sellers continue to press the price toward support. The overall pattern suggests a potential continuation of the bearish move if the market loses the key mid-range zone.

SHORT ENTRY: 0.007550
TP: 0.007234
SL: 0.007989

Reason:
Price has repeatedly rejected the upper band, showing strong distribution. The descending structure and weakening volume indicate sellers are in control, making a short position more favorable as long as resistance holds.

Risk Management:
Use tight position sizing, respect your SL, and avoid adding to losing positions.

#BearishPattern
#TechnicalRejection
#TrendContinuation
#CryptoAnalysis
#MarketStructure

$OBOL – Mcap 11.25M$ – 82% / 1.8K votes Bullish

SC02 M15 pending Short order, entry lies within a HVN zone and is not affected by any weak area. Estimated stop-loss is around 2.44%. The downtrend is currently in its 208th cycle, with a drop range of 15.18%.

#TechnicalRejection #BearishFlow