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XVG's recent rally caught attention. Up 25% in just a few days—but where'd it stop? Right at key resistance. That's the problem.
Technically speaking, the setup looks risky here. Price tends to reject at these levels. Short-term pullback seems more likely than a breakout.
That said, if bulls do show up, watch for an inverse head and shoulders pattern. That would be the bullish case to keep on radar. But right now? Waiting for a better entry looks smarter than chasing the current move.
Basically, it's just waiting; there's no need to chase now.