While many eyes are on a potential breakout, $VIRTUAL appears to be setting up a bear trap. 🐻 Keep a close watch on this one.

$VIRTUAL /USDT - SHORT

Entry: 0.608352 – 0.617073
SL: 0.638876

TP1: 0.58655
TP2: 0.577829
TP3: 0.560387

This SHORT setup is indicated on the 4H chart. The daily trend for $VIRTUAL remains bearish, with price currently testing a significant resistance zone around 0.617.

Furthermore, RSI on lower timeframes shows clear signs of weakness, failing to confirm any underlying bullish strength. This structure presents a favorable risk/reward profile, with target levels extending down to 0.560.

What are your thoughts on $VIRTUAL's next move? Could this be a last push before a significant drop, or do you anticipate a bullish reversal?

Trade safely. 👇