XVS/USDT (2nd Rejection at 4 Dollars)💎Technical Analysis Summary💎
BINANCE: XVSUSDT
-XVS has been rejected at $4 dollars resistance
-The price fell back inside its local support zone
-This minor consolidation might turn a Bear flag
-If the support zone will fail in the next few days
-The next Key Level is around $2.6 dollars
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XVSUSDT trade ideas
XVS Trade setupXVS fell hard through the uptrending support 3 hours ago. And now keeping above the current 0.5 fib support for a while, then I would buy a bag. There are additional horizontal support lines drawn in yellow. $3.2 range is a very strong 0.618 fib support. If XVS doesn't honor that, we may see it fall below $3 until $2.8
If XVS keeps above the current levels I will get a bag and will wait until it hits the next resistance at $3.8. Be careful at the horizontal and trending resistance lines