$VIRTUAL /USDT Trade Setup
Long Position (Buy Trade)
Entry: $1.78–$1.82 (current zone shows a pullback after a breakout).
Stop Loss: Below $1.70 (below the recent swing low).
Take Profit Targets:
TP1: $1.95
TP2: $2.10
TP3: $2.25 (strong resistance and historical peak)
Chart Summary:
Downtrend Channel: Price followed a consistent downtrend marked by lower highs (H) and lower lows (L).
Breakout & Retest: There was a clear breakout from the descending channel followed by a retest and bounce.
Buy Zone: Entry marked just above the retest (around $1.70–$1.75).
Sell Zone/Resistance: Peaks around $2.00–$2.20 are significant resistance areas.
Indicators to Watch:
EMA/MA crossover confirmation
RSI divergence or overbought/sold signal
Volume breakout on higher timeframes (4H/D)