Good Morning Guys! Look At The $VIRTUAL Is Still Pumping
Entry Point
• Buy Entry: If price pulls back and holds above 1.6479 USDT (first red line), consider entering long.
• Confirmation: Look for bullish candlestick patterns (e.g., hammer, engulfing) or volume spikes near this level.
🎯 Target Levels
• Target 1: Recent high at 1.8276 USDT
• Target 2: Psychological level at 1.9000 USDT (if momentum continues)
🛡️ Stop Loss
• Place below the next support zone:
• Conservative: Below 1.5845 USDT
• Aggressive: Below 1.6479 USDT
📈 Risk/Reward Ratio
• Aim for a minimum 1:2 ratio. For example:
• Risk: 0.05 USDT
• Reward: 0.10 USDT
Alternative: Breakout Strategy
If price breaks above 1.8276 USDT with strong volume:
• Entry: On breakout candle close
• Stop Loss: Just below breakout level
• Target: Use Fibonacci extension or round numbers like 1.9000, 2.0000
#VIRTUAL #PriceActionAnalysis #tradesetup
