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.
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.