analysis $VIRTUAL

VIRTUAL is showing impressive strength with a sustained uptrend, breaking through key resistance levels with conviction. The asset is currently in price discovery mode, supported by strong momentum indicators and healthy volume profiles. Market structure remains bullish with clear higher highs and higher lows established.

💰 Key Observations:

• Strong bullish momentum with +50.36% surge and RSI at 73.78 indicating overbought conditions

• ADX reading of 67.9 confirms strong trend strength

• Price discovery phase suggests potential for continued upside momentum

📈 Technical Overview:

The MACD crossover remains positive with divergence above signal line, while Bollinger Band width expansion (62.07%) indicates increased volatility. DMI spread (43.3/8.3) strongly favors bulls, though some consolidation may be needed.

🎯 Trade Setup:

• Primary resistance at $2.15 - watch for reaction

• Strong support cluster between $1.28-$0.96

• Current price action suggests potential for test of R2 at $2.22

⚠️ Risk Management:

Consider partial profits near $2.15 resistance. New entries more favorable near pivot ($2.02) or S1 ($1.96) with stops below $1.82. Low liquidity (25.47%) warrants careful position sizing.

💡 Action:

Long positions remain favorable but exercise caution at current levels. Wait for pullbacks to support zones for better risk/reward entries. Target R1 ($2.16) with tight stops given elevated RSI readings

good news #StrategyTrade