$VIRTUAL /USDT chart analysis and trade setup

Chart Structure & Pattern

Pattern: Breakout from a horizontal resistance range (approx. $2.11–$2.18), forming a bullish rectangle.

Previous resistance is now being tested as potential support.

Marked 'H' and 'L' show a developing higher high/higher low structure – signs of bullish continuation.

Technical Indicators

Price above 50 EMA (green line): Strong upward trend.

Volume surge on breakout (implied by sharp candles): Bullish confirmation.

Trendline support (green diagonal) remains intact.

Trade Setup

Entry (Confirmed):

Entry around $2.11–$2.18 (breakout confirmation zone)

Stop Loss:

Below recent swing low or EMA, around $1.94

Targets:

TP1: $2.40

TP2: $2.65

TP3 (extended): $2.90+ (if volume & momentum sustain)

Risk Management

Risk-Reward Ratio: ~1:2 to 1:3 depending on entry point.

Use trailing stop once TP1 is hit to lock in profits.

Trade Here on $VIRTUAL