$VIRTUAL /USDT- Bullish has shown a strong upward movement, breaking above key resistance levels. The current price is $1.29, with an intraday high of $1.29 and a low of $1.19. A sustained move above $1.28 could indicate further upside potential.
Fibonacci Levels:
The 61.8% retracement level at $1.28 has been breached, suggesting a potential continuation of the uptrend. Next resistance levels are at $1.35 and $1.40. Support is observed around $1.20 and $1.15.
RSI:
The 14-day Relative Strength Index (RSI) is currently at 65, indicating that the asset is approaching overbought territory. This suggests a potential for a short-term pullback, but the overall trend remains bullish.
Entry Zones:
Safer: Consider entering near the $1.20 support level, with confirmation of a bullish reversal.
Aggressive: A breakout above $1.28 could provide an opportunity for a long position, targeting higher resistance levels.
Take-Profit Zones:
TP1: Target the $1.35 resistance level.
TP2: Aim for the $1.40 resistance level.
Stop-Loss Ideas:
Conservative: Place a stop-loss below $1.15 to limit potential losses.
Tight: Set a stop-loss just below $1.20 to protect against further downside.
