$VIRTUAL Breakdown Alert: Bears Dominate as Key Support Cracks
$VIRTUAL is trading at $1.3043, sliding lower after repeated failures to hold above mid-range levels. With a -10% daily move and heavy sell-side pressure, the chart shows early signs of trend continuation to the downside.
Key Levels to Watch:
• Resistance Zone: $1.3350 – $1.3600
Any relief rally into this area may face strong selling. Breakout attempts could target:
• TP1: $1.3800
• TP2: $1.4100
• Support Zone: $1.2930 – $1.2750
If weakness continues, watch for further downside toward:
• TP1: $1.2500
• TP2: $1.2230
Trade Setup: Breakdown Pattern Gaining Steam
• Bearish Scenario: A sustained close below $1.2930 confirms further bearish momentum toward deeper supports.
• Bullish Scenario: Only a strong reclaim above $1.3350 would shift sentiment back to neutral or bullish.
• Stop-Loss Guidance: For shorts, SL above $1.3370; for risky longs, SL below $1.2920 to contain risk.
caution is advised—momentum clearly favors sellers.