$VIRTUAL /USDT BEARISH BREAKDOWN IN PLAY ⚠️📉
The $VIRTUAL /USDT pair is showing signs of weakness as the price struggles below key moving averages and fails to hold crucial support levels. Current price is $1.8070, reflecting a -6.22% drop, confirming bearish pressure in the market.
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📊 KEY TECHNICAL LEVELS:
🔻 Resistance Levels:
• $1.8350 – Near-term resistance (MA99)
• $1.8780 – Psychological barrier & recent intraday high
🛑 Support Levels:
• $1.7870 – Local support zone
• $1.7650 – Critical support, potential breakdown level
🔍 Moving Averages:
• MA(7): $1.8131 – Just above current price, acting as dynamic resistance
• MA(25): $1.8055 – Currently broken below
• MA(99): $1.8365 – Long-term downtrend confirmation
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📉 TRADE SETUP – SHORT ENTRY IDEA:
> Entry: $1.8070 – Current price (confirm rejection near MA levels)
Stop Loss (SL): $1.8360 – Just above MA99 & recent high
Targets (TP):
🥇 TP1: $1.7870
🥈 TP2: $1.7650
🥉 TP3: $1.7200 (if strong momentum continues)
📍 Confirmation needed from MACD crossover down or increased sell volume on lower timeframes (15m/1h).
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⚠️ RISK MANAGEMENT:
Only risk 1-2% of your capital per trade. Use a tight SL and adjust size accordingly. Stay disciplined – plan the trade, trade the plan.
💥 BEARISH MOMENTUM BUILDING – SHORT OPPORTUNITY AHEAD!
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