$VIRTUAL Analysis:
$VIRTUAL tapped strongly and was rejected from the resistance area at $0.62787 - $0.63565. Momentum is showing exhaustion after the rally, printing an upper rejection wick into supply. A clean 4H close below this zone confirms downside continuation.
Open Interest remains heavy at $9.06M with elevated funding (+0.0050%), leaving over-leveraged longs trapped into resistance and susceptible to a liquidation cascade.
🎯 Entry: $0.62564 (Zone: $0.62787 - $0.63565)
🏆 Targets: TP1 $0.12907 | TP2 $-0.0682658 | TP3 $-0.3445320 | TP4 HOLD
$VIRTUAL tapped strongly and was rejected from the resistance area at $0.62787 - $0.63565. Momentum is showing exhaustion after the rally, printing an upper rejection wick into supply. A clean 4H close below this zone confirms downside continuation.
Open Interest remains heavy at $9.06M with elevated funding (+0.0050%), leaving over-leveraged longs trapped into resistance and susceptible to a liquidation cascade.
🎯 Entry: $0.62564 (Zone: $0.62787 - $0.63565)
🏆 Targets: TP1 $0.12907 | TP2 $-0.0682658 | TP3 $-0.3445320 | TP4 HOLD
