Technical Analysis Report
Shared by Block
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Technical Analysis Report
Shared by Block • 6 views
VIRTUAL
AI Analysis Summary
The current market for VIRTUAL shows a mixed directional outlook with a recent downtrend but potential signs of recovery near key support levels, aligning with your long position at 1.45 and moderate risk tolerance as a beginner. Given the uncertainty and your 1-day holding period, I recommend holding the position with close monitoring for a break above 1.51 to confirm bullish momentum.
Trade Setup
Wait for confirmation of support hold at 1.43-1.45 or break above 1.51 for bullish momentum.
First target at 1.51 (recent resistance), secondary at 1.60 if momentum builds.
1:1 at first target, potential 1:2 if extended to 1.60.
Set stop-loss at 1.39 to protect against breakdown below key support, aligning with moderate risk tolerance.
Position invalid if price breaks and closes below 1.39 on 4H, signaling continuation of downtrend.
Monitor for bullish price action (higher lows, volume increase) near support; scale out at targets if beginner caution persists.
Key Levels
1.45
1.39
1.51
1:1
Technical Analysis Breakdown
Model: Calc618 TA Report|Analysis ID: 6c887fda|Informational only. DYOR.