VIRTUAL/USDT
Wait for a pullback to support: Look for the price to retrace towards the 1.70 level or slightly below.
Consider an entry around 1.7000 - 1.7050: If the price retraces to this area and shows signs of holding (e.g., smaller bearish candles followed by a green candle), an entry could be considered.
Set a stop-loss: Place a stop-loss below the potential support level to protect against further downside. A stop-loss around 1.6900 - 1.6950 could be considered.
Set profit targets: Aim for gains towards the potential resistance levels:
Target 1: Around 1.7400 - 1.7435 (the recent high)
Target 2: Around 1.7600 - 1.7800 (intermediate resistance)
Target 3: Potentially aiming for the 24-hour high of 1.8490 if the bullish momentum continues.
Consider taking partial profits: As the price reaches the first and second targets, consider securing some gains.
Do Your Own Research: This is just a potential trading idea based on the provided chart. Conduct your own thorough analysis before making any trading decisions.