#VIRTUAL Analysis :

1. Current Price and Trend:

* Current Price: 1.7179 USDT

* Mark Price: 1.7178 USDT

* 24h Change: -6.99% (Significant drop)

Potential Trade Plan (Hypothetical):

The asset is in a downtrend but has shown significant gains over the past month, indicating high volatility. This is a high-risk trade.

*Bearish Continuation (High Probability Based on Current Trend)

* Bias: Short (Sell)

* Reasoning: The price is below all key EMAs, showing a strong downtrend. Recent selling volume was high. The asset has already dropped significantly.

* Entry: Look for a bounce to one of the EMAs (e.g., EMA(7) around 1.7972 or EMA(99) around 1.7236) and a rejection (candle closing below the EMA, or bearish reversal pattern) as a re-entry point for a short.

* Aggressive Entry: If the price breaks below the 24h low of 1.6965 with conviction (high volume), you could consider a short, targeting lower support levels.

* Conservative Entry: Wait for a clear breakdown below current support levels or a retest of resistance.

* Target:

* TP1: 1.2790 (Previous significant support)

* TP2: 0.9411 (Next strong support)

* TP3: 0.6031 (Absolute low shown on chart)

* Stop Loss:

* Above the EMA(25) at 1.8791 or above the last significant swing high, whichever is tighter.

* If entering on a breakdown of 1.6965, place the stop loss just above 1.7236 (EMA99).

* Risk Management: Given the 30-day gain, this asset is highly volatile. Use a small position size.