$VIRTUAL BEARISH SHADOW AFTER THE SPIKE

After a strong bullish rally from the $1.20 zone, $VIRTUAL hit a 24H high of $1.3572 but quickly faced rejection, forming a sharp wick on the 1H chart. Selling pressure is increasing.

SHORT TRADE SETUP

Entry Zone: $1.3100 – $1.3250

Stop Loss: $1.3580

Target 1: $1.2600

Target 2: $1.2300

Target 3: $1.2050

Market Insight:

The long wick and red follow-up candle suggest a potential reversal. If price fails to reclaim the $1.33 zone, bears may take control in the short term.

Risk Note:

Stick to your stop loss and monitor volume closely. Exit partially on targets to lock in gains.