$VIRTUAL Trading Analysis: Bearish vs. Bullish (1D)#
VIRTUAL/USDT dropped 33% from 2.5890 to 1.7311 on the 1D chart, showing a bearish trend. High selling vol (18.6M) confirms the decline, but recent vol (73.9M) is lower, hinting at easing pressure. Here are two scenarios:
Bearish Trade (Primary)
Why: Clear downtrend with lower highs/lows. Price near 24H low (1.6911), likely below short-term MAs.
Entry: 1.7311 to 1.8411
Stop Loss: 1.9012
Take Profits:
1.6911
1.6000
1.4334
1.3000
Watch: Break below 1.6911 with vol spike confirms downside.
Bullish Trade (Secondary)
Why: Reduced vol and bounce from 1.6911 suggest a possible rally. Needs confirmation above 1.9012.
Entry: 1.7500 or on break above 1.9012 (daily close).
Stop Loss: 1.6910
Take Profits:
1.9012
2.0460
2.2000
2.5890
Watch: Break above 1.9012 with vol increase confirms upside.
Recommendation
Take the bearish trade now—trend favors downside. Monitor for bullish setup if price breaks 1.9012 with vol. Crypto is volatile; use risk management.