🚨 Alert: Potential trading setup for VIRTUAL currency within one day!
📉⚠️🔥📊
Comment:
VIRTUAL currency has significantly decreased from its peak at $5.07 to current levels near $0.57, with a loss exceeding 89% since January. However, recently the price has shown attempts to stabilize supported by a relative increase in trading volumes. Bulls are trying to defend the support area, and if they succeed, we may see a short-term technical rebound towards higher targets.
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📊 Trading setup:
🎯 Entry price: $0.573
🎯 Targets:
🟠 $0.60
🔴 $0.68
💀 $0.74
🚫 Stop loss: $0.55
⚖️ Risk versus reward: High | Reward = Potential
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📉 Technical indicators:
RSI: Around 50 – in a neutral zone, indicating the market is awaiting the next move.
CMF: Positive – indicating moderate buying cash flow.
Price pattern: Formation of a "rounded bottom" – a positive chart pattern if followed by a breakout of resistance.
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📌 Notes:
A breakout above $0.60 could give a strong push towards $0.68 then $0.74.
Breaking below $0.55 exposes the currency to additional decline and may invalidate the positive pattern.
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