a concise technical analysis and trade signal for $VIRTUAL

/USDT:

Technical Analysis:

Current Price: $1.2390 (up +12.17% in the last 24 hours)

Trend: Bullish momentum after a significant upward movement from $1.0275 (24h low).

Support Level: $1.1693 (from 1D low)

Resistance Level: $1.2600 (24h High)

RSI: Overbought, suggesting caution, as there may be a pullback before further upside.

Moving Averages: Favoring a bullish trend with potential for continuation above $1.22.

Trade Signal:

Entry Point: Enter near $1.23, with confirmation above $1.22 to ensure bullish momentum holds.

Target Levels (🎯):

Target 1: $1.26 — Short-term resistance for an immediate breakout.

Target 2: $1.30 — Intermediate resistance if the trend continues.

Target 3: $1.35 — Longer-term resistance target.

Momentum:

Strong bullish momentum, but the price is approaching key resistance at $1.26, so caution is needed for a possible consolidation or pullback.

Stop-Loss Suggestion:

Set a stop-loss around $1.07 (below key support level) to protect against a larger downturn.

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