🔥 $VIRTUAL Bullish
• Hammer formation at 0.602 with massive volume (12M) confirming institutional buying
• Consistent higher lows since the hammer formation
• Current price action shows consolidation between 0.640-0.651with reducing volume
• Multiple tests of 0.651 resistance indicate potential breakout imminent
• Recent 1h candles show increasing volume (2.1M-5.3M) during upward moves versus lower volume (1.3M-1.8M) during declines – classic bull market volume signature. The high volume spike (12M) accompanied a successful defense of 0.602 support.
Capital Flow: Contract flows critically 1H inflow of +171K and 4H inflow of +398K indicate renewed buying interest. Spot markets show 24H net inflow of +598K, confirming genuine buying pressure.
Entry long $VIRTUAL
• Aggressive: Current price 0.650
• Conservative: Wait for confirmed break above 0.651 with volume
Stop Loss: 0.630, aligning with MA10 and recent swing low
Target Levels $VIRTUAL
Primary: 0.662, resistance
Secondary: 0.676 next resistance
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