After consolidating between 0.56-0.62 for several days, VIRTUAL is showing strong bullish momentum with a recent 1.03% gain. The current price of 0.6072 sits at a critical decision point with potential to test the upper resistance level at 0.6835.
Technical analysis shows increasing buying pressure with rising volume and strengthening RSI, suggesting continuation of the uptrend that began on the 14th. My strategy involves entering this long position at the current level with a clearly defined stop loss at 0.5820 to limit downside risk.
Profit target is set at 0.6835, providing a favorable risk-reward ratio of approximately 1:2.5. Key levels to watch include immediate resistance at 0.6200 and support at the recent low of 0.5820. This setup provides a calculated risk approach with significant upside potential as VIRTUAL appears to be gaining momentum.
Technical analysis shows increasing buying pressure with rising volume and strengthening RSI, suggesting continuation of the uptrend that began on the 14th. My strategy involves entering this long position at the current level with a clearly defined stop loss at 0.5820 to limit downside risk.
Profit target is set at 0.6835, providing a favorable risk-reward ratio of approximately 1:2.5. Key levels to watch include immediate resistance at 0.6200 and support at the recent low of 0.5820. This setup provides a calculated risk approach with significant upside potential as VIRTUAL appears to be gaining momentum.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.