$VIRTUAL BREAKOUT OR PULLBACK?
$VIRTUAL is currently trading at $0.5464 after a sharp dip, now attempting to bounce back. However, strong sell pressure remains in play, and price is stuck just below resistance, leaving the next move uncertain.
Key Levels to Watch:
• Resistance: $0.5500 – A break and close above could trigger short-term bullish reversal.
• Support: $0.5400 – If this level fails, sellers could drive price lower toward the day’s low.
Trade Setup – Decision Point Approaching:
• Bullish Entry: A breakout above $0.5500 with volume support
• TP1: $0.5630
• TP2: $0.5800
• Bearish Entry: A drop below $0.5400 with continued sell-side dominance
• TP1: $0.5300
• TP2: $0.5180
Stop-Loss:
• For long trades, use stops below $0.5390
• For shorts, consider stops above $0.5520
watch for either breakout confirmation or another rejection near resistance.