$VIRTUAL 1H is giving a pretty clear retest setup 👀
After rejecting 0.6155, price broke below the recent structure and flipped the Supertrend bearish at 0.5975. We’ve now bounced from the 0.5644 area, so I’d watch the retest instead of chasing the move.
Short Setup
Entry: 0.5800–0.5900
SL: 0.6005
TP1: 0.5645
TP2: 0.5460
TP3: 0.5345
The 0.5828–0.5975 zone is the key resistance area. If price gets rejected there, the bearish setup stays clean.
If VIRTUAL reclaims 0.6005 with a solid 1H close, I’d invalidate the short and reassess.
For now, sellers have the edge. Let the retest confirm it rather than chasing. 📊
#VIRTUAL
After rejecting 0.6155, price broke below the recent structure and flipped the Supertrend bearish at 0.5975. We’ve now bounced from the 0.5644 area, so I’d watch the retest instead of chasing the move.
Short Setup
Entry: 0.5800–0.5900
SL: 0.6005
TP1: 0.5645
TP2: 0.5460
TP3: 0.5345
The 0.5828–0.5975 zone is the key resistance area. If price gets rejected there, the bearish setup stays clean.
If VIRTUAL reclaims 0.6005 with a solid 1H close, I’d invalidate the short and reassess.
For now, sellers have the edge. Let the retest confirm it rather than chasing. 📊
#VIRTUAL