XVS: Expecting Further Sideways Movement and Long Position Accum

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XVS / TetherUS PERPETUAL CONTRACT (BINANCE:XVSUSDT.P)

BINANCE:XVSUSDT.P XVS / TetherUS PERPETUAL CONTRACT

trendanalysis chartpattern fundamental xvs cryptotrading sidewaysmarket longposition rangetrading marketmakers priceanalysis tradingstrategy cryptocurrency

I anticipate XVS to continue trading within its current sideways range, as the price is currently near the lower boundary of this range. Therefore, I've taken a long position with the strategy of trading from the range boundaries. Over the course of several days, market makers are likely to accumulate positions within this range. This accumulation may lead to an upward move towards the upper boundary of the range, or at the very least, towards the midpoint.

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