VIRTUAL PROTOCOL Wave 2 Correction in Play After 4x Impulse

17 May

Following the completion of its previous cycle correction, Virtual Protocol confirmed a bullish reversal via a breakout from a falling wedge, initiating Impulse Wave (1) with an impressive ~4x move. Current price action signals the commencement of Wave (2) corrective structure, aligning with standard Elliott Wave Theory post-impulsive behavior.

The buy-back zone (highlighted on chart) represents the high-probability retracement region based on Fib confluence (0.5–0.618 retracement levels) and prior structural support.

Wave (3) and Wave (5) targets are projected using Fibonacci extensions and historical momentum analogs. Eyes remain on the buy-back zone for optimal re-entry.

30 Tem

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We should patiently wait for the buyback zone to get triggered