$VIRTUAL SHOWING WEAKNESS – DECISION POINT NEAR
$VIRTUAL is currently trading at $0.5454, down 6.30% for the day and sitting right at key horizontal support. After multiple rejections near the $0.5500 level, the price is showing bearish pressure. A decisive move from this range could set the tone for the next leg.
Key Levels to Watch:
• Immediate Resistance Zone: $0.5500 – $0.5540
• Support Zone: $0.5440 – $0.5400
Trade Setup:
• Bullish Breakout Setup:
If price breaks and closes above $0.5540 with strong volume:
• TP1: $0.5600
• TP2: $0.5700
• Stop-Loss: Below $0.5440
• Bearish Breakdown Setup:
If price falls and closes below $0.5440 support:
• TP1: $0.5350
• TP2: $0.5220
• Stop-Loss: Above $0.5510