$VIRTUAL Slipping Through the Cracks more Downside Ahead?
$VIRTUAL has been in a consistent downtrend, now trading near the $1.21 mark after losing over 33% in the last 90 days. The 4H chart shows no signs of reversal yet, and the price just broke below a key support near $1.25, indicating possible continuation of the bearish momentum.
Trade Setup – SHORT
• Entry Zone: 1.215 – 1.225
• Stop Loss: 1.255
• Target 1: 1.185
• Target 2: 1.155
• Target 3: 1.120
Market Insight:
Sellers remain in control as lower highs and lower lows dominate the structure. If price fails to reclaim $1.24 with volume, this could lead to further decline toward the psychological $1.10 zone.
Pro Tip: Confirm the breakdown with a candle close below $1.20 before full position entry. Use trailing stop for risk control.