VGXUSDT, the trading pair of the VGX token with USDT on Binance, is currently in a bullish trend. The cryptocurrency has been forming higher highs and higher lows on the daily chart, indicating strong upward momentum.
To confirm the trend, traders can look for a buy signal, such as the closing of the 1-day candle above the resistance level at $0.68. If the candle closes above this level, it would signal a potential breakout and continuation of the upward trend.
Investors can set a target at the next resistance level of $1.08, which has been a key level for VGXUSDT in the past.
It's important to manage risk by setting a stop loss at a level that is comfortable for each individual trader.
Noted, thank you! We are sharing our view as well below:
CryptoFerk
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What price did you buy? And what price was the exit or SL? Or how did you set it up? Did it work? As I know it’s now around $0.24 USD
ego1smo
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@CryptoFerk, Hi! There was no trade in this coin. I was waiting for a signal, and there was no 1D close above the 0.68 ("To confirm the trend, traders can look for a buy signal, such as the closing of the 1-day candle above the resistance level at $0.68. If the candle closes above this level, it will signal a potential breakout and continuation of the upward trend."). That's why I didn't trade this coin.