$VIRTUAL Today's Pro Futures Trading Plan for VIRTUALUSDT Based on 5m, 15m & 1H Chart.
• Trade Direction: Long
• Justification: Price is above the MA(200) (1.5342–1.6978 across screens), indicating a bullish trend. Recent pullback to ~1.6660 aligns with MA(20) support (1.6604–1.6891), suggesting a potential bounce.
• Entry Zone: 1.6660–1.6700
• Confluence of MA(20) support and recent consolidation. A break above 1.6709 (Mark Price) confirms strength.
• Stop-Loss: 1.6570 (below MA(20) and recent swing low)
• Invalidation point where the pullback turns into a trend reversal.
• Risk/Reward Ratio: 1:3
• Risk: ~0.0090 (1.6700 → 1.6610) | Reward: ~0.0270 to Target 1.
• Profit Targets:
• Target 1: 1.6900 (near MA(20) resistance and psychological level).
• Target 2: 1.7500 (previous high, Fibonacci extension).
• Target 3: 1.8289 (24h high, aggressive trailing stop zone).
• Exit Strategy:
• Move stop to breakeven after Target 1. Trail stop by 50% of gains beyond Target 2.
• Strategy Explanation:
• Trend alignment (higher highs/lows), MA support, and bullish % change (+1.52–1.71%) support longs. Volume spike at 497M USDT (24h) confirms participation.
• Volume/Order Flow:
• Watch for increasing buy volume above 1.6700 to confirm momentum.
• Leverage Note: Moderate (5–10x)
• Volatility (24h range: 1.5777–1.8289) warrants caution.
• Market Sentiment:
• Bullish bias on higher timeframes, but monitor for overextension near 1.7500.
• Invalidation/Caution:
• Close below 1.6570 invalidates the setup.
• Alternative Scenario:
• If rejected at 1.6900, consider shorting with SL at 1.7000, targeting 1.6500 (MA(200) retest).
Always risk ≤2% per trade. Adapt to real-time price action.