$VIRTUAL BOUNCES HARD – IS THE TREND REVERSING?
$VIRTUAL just jumped from a low of $1.5784 to $1.6325, printing a strong +1.0% move in the last candle and potentially signaling the start of a reversal. Volume is rising (262.96K), and bulls are testing overhead resistance.
Key Technical Levels to Watch:
• Resistance Zone: $1.6450 – $1.6600
A breakout above this zone could send VIRTUAL toward $1.6900 and $1.7300.
• Support Zone: $1.6120 – $1.5780
If price breaks back below this range, further downside could test $1.5400.
Trade Setup – Recovery in Progress or Fakeout?
Bullish Scenario:
A clean breakout above $1.6450 may target:
• TP1: $1.6900
• TP2: $1.7300
Bearish Scenario:
A failure to hold $1.6120 support could drag price to:
• TP1: $1.5780
• TP2: $1.5400
Stop-Loss Levels:
• Longs: Below $1.6120
• Shorts: Above $1.6450
Wait for confirmation above resistance before entering long positions.