$VIRTUAL AT CROSSROADS – WILL THIS SWING TURN INTO A REVERSAL?
$VIRTUAL/USDT just bounced from the $1.6124 low and is trading at $1.6224. The chart shows heavy rejection after an earlier rally, and with sellers now leading at 60.49%, price action is teetering on a knife’s edge.
Key Levels to Watch:
• Resistance Zone: $1.6400 – $1.6850
A breakout above this zone could reignite bullish momentum toward $1.7000+.
• Support Zone: $1.6100 – $1.5970
A breakdown here may drag price into deeper correction territory.
Trade Setup:
• Bullish Entry: Breakout above $1.6400
• TP1: $1.6650
• TP2: $1.6850
• Bearish Entry: Breakdown below $1.6100
• TP1: $1.5970
• TP2: $1.5750
Stop-Loss Guidance:
• Bullish: Below $1.6100
• Bearish: Above $1.6400
Volume is decent at 354.6K, but with buyers at only 39.51%, caution is advised—this move could fake out either side.