💎
$VIRTUAL /USDT: Is the Breakout Imminent? 🚀
The squeeze is reaching its limit!
$VIRTUAL is currently coiled tightly within a 1D range, signaling that a massive volatility shift is just around the corner.
🔥 Why the Bullish Outlook?
4H Structural Support: The price is currently testing the Range Low, a zone where buyers historically step in. The setup is "Armed" and ready for a bounce.
RSI Neutrality: On the 15m timeframe, the RSI is sitting at 50.8. This neutrality is the "calm before the storm," providing plenty of runway for an upward impulse move.
Risk Profile: 🔴 8/10 (High Volatility - Trade with discipline!)
📉 Strategic Trade Plan
Goal Target Level Potential Gain
Entry Zone 0.9942 – 1.0039 Accumulation Area
Target 1 (TP1) 1.0280 +2.9% (Quick Scalp)
Target 2 (TP2) 1.0376 Mid-Range Resistance
Target 3 (TP3) 1.0569 Range Breakout
Stop Loss (SL) 0.9701 Below Swing Low
💬 The Debate
The chart is screaming "coiled spring." Do you think this is the final dip before we blast through the range resistance, or are we headed for a deeper retest?
Drop your thoughts below! 👇
Author: Nabiha Noor
Don't forget to Like, Follow, and Share for more alpha! 🔔
#Write2Earn #TradingSignals #VIRTUAL #CryptoAnalysis #BinanceSquare