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🟢 Technical Analysis VIRTUAL/USDT — "Cup and Handle" Model

📌 Timeframe: 1D

📌 Model: Cup and Handle

📌 Sentiment: The accumulation cycle is nearing completion, this model often appears before strong price breakouts.

✅ Model Details:

Cup: Formed from the previous deep decline to a bottom around 0.5 and gradually recovering to the area of 1.75.

Handle: The current sideways accumulation phase forms the "handle", indicating a slight correction, low liquidity — textbook standard for this model.

Main resistance: $2.76 — when the price breaks out above this level, it will confirm the model and open up a new uptrend.

🎯 Trading Plan (Plan entry - SL - TP)

Entry: $1.76 (current position or wait for a pullback to $1.65)

Stop-Loss (SL): $1.49 — below the bottom of the handle, a safe cut loss

Take-Profit (TP):

🎯 TP1: $2.76 (old resistance, near target)

🎯 TP2: $3.50 (breakout target after surpassing the old handle peak)

🎯 TP3: $5.00+ (long-term target if the model is strongly confirmed)

📈 Personal Assessment

This is a classic bullish model with high reliability when combined with strong breakout volume. VIRTUAL may be preparing for the next uptrend, and the current price offers an attractive risk/reward ratio for investors who prefer swing trading or medium-term holding.
This is just a personal assessment and should not be considered investment advice.
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