💥$VIRTUAL /USDT Recovery After 3.50% Decline!🔥
🌟Current Price: 0.7400 USDT (3.50%)
🌟24-Hour High: 0.7893 USDT (Resistance zone)
🌟24-Hour Low: 0.6732 USDT (Critical support level)
Volume (24H):
🌟VIRTUAL: 22.66M
🌟USDT: 16.41M
⚡VIRTUAL is consolidating near its 24-hour low, reflecting caution among traders. Indicators like RSI, MACD, and Bollinger Bands suggest potential sideways movement or bearish continuation, depending on volume trends.
⚡Trading Setup 📝
🎖️Bullish Scenario
Type: Bounce Trade
👉Entry Point: Above 0.7500 USDT (confirm rebound with rising volume).
👇Take-Profit Targets:
🎯TP1 (1:1): 0.7600 USDT
🎯TP2 (1:2): 0.7700 USDT
💢Stop Loss: Below 0.7400 USDT
🎖️Bearish Scenario
Type: Breakdown Trade
👉Entry Point: Below 0.7300 USDT (confirm rejection with strong selling pressure).
👇Take-Profit Targets:
🎯TP1 (1:1): 0.7200 USDT
🎯TP2 (1:2): 0.7100 USDT
💢Stop Loss: Above 0.7400 USDT
⚡Risk Management Strategy ⚠️
For Bullish Setup, once TP1 (0.7600 USDT) is achieved:
Move Stop Loss to Breakeven (Entry Price).
Book 50% of trade quantity for secured profits while holding for extended targets.
For Bearish Setup, minimize risks by adjusting Stop Loss to Entry after hitting TP1 (0.7200 USDT).
⚡Key Takeaways ✍️
1. Volume Confirmation: Essential for validating breakout or breakdown moves.
2. Keep a close watch on the 0.7893 USDT resistance zone—failure to breach may result in consolidation.
3. Stay disciplined and patient; avoid entering trades without clear confirmation signals.
Disclaimer: #DYOR*
Buy Or Trade With Me On $VIRTUAL