$VIRTUAL ๐ VIRTUAL/USDT โ A Sharp Reversal Testing the 99 EMA
๐ฐ Current Price: $1.8525
๐ 24H Gain: +11.95%
๐ 24H High: $1.9000
๐ 24H Low: $1.6192
๐ Volume (VIRTUAL): 40.71M
๐ Volume (USDT): 71.69M
๐ EMA Snapshot (1H):
EMA(7): $1.8250 โ
EMA(25): $1.7783 โ
EMA(99): $1.8296 โ(Price is testing resistance here)
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โ๏ธ TREND ANALYSIS
โ Strong V-shape recovery from $1.6071 to $1.9000
โ Bullish MACD crossover with increasing histogram
โ RSI: 72.5 โ overbought territory, but no reversal yet
โ ๏ธ Price is struggling at EMA99, which historically acts as heavy resistance unless broken with volume
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๐ต SPOT STRATEGY โ Wait for Break or Buy Pullback
๐ข Buy on Breakout: $1.8600+ with volume
๐ฏ Targets:
โ TP1: $1.92
โ TP2: $1.95 (previous swing high)
โ TP3: $2.00 psychological level
๐ Buy on Pullback: $1.78 โ $1.80 (EMA25 zone)
๐ SL: $1.75 (invalidates structure)
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โ๏ธ FUTURES STRATEGY โ Two-Sided Action
๐ LONG Idea (on breakout):
Entry: $1.86+
Leverage: 5xโ10x
TP1: $1.92 / TP2: $1.95
SL: $1.80
๐ป SHORT Setup (if rejection at EMA99):
Entry: $1.85โ$1.86 (confirmation candle with wick)
TP: $1.78 (EMA25)
SL: $1.89
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๐ Quick Summary:
VIRTUAL just staged a strong recovery off the lows, climbing nearly 17% from bottom to top. But it's now testing a critical resistance level at EMA99. If it breaks through with volume, bulls could push higher. However, RSI suggests overbought, so a pullback is also very possible.
๐ฏ Break + Retest = Ideal Long Setup
โ ๏ธ Rejection at EMA99 = Good Short Opportunity