📈 Analysis VIRTUAL: Preparing for the Break of Sloped Support
Hello, traders! We are considering the VIRTUAL asset with a potential opportunity for a short position (sale). Currently, the price is at a critical level.
🎯 Current Situation
The support line is still relevant.
This line is a key marker for determining the nearest trend.
💡 Short Scenario
Our trading plan is based on the break of this critical support.
Entry Condition: A short should be considered ONLY AFTER a confident break (closing of the candle below) the sloped support line. This will confirm that the bullish momentum has faded, and sellers are taking control.
Take Profit - In case of a break, a path opens to the next key liquidity levels:
TP 1: Zone $0.82. Here, liquidity is concentrated at previous local minimums.
TP 2: Round Psychological Level $0.80, which often attracts the price like a strong magnet.
Risk Management Stop Loss
SL: We place the stop in the Red Zone - slightly above the sloped support line or above the last local maximum/candle that made the bounce.
This analysis is just an idea. Trade responsibly and always use a Stop-Loss. Keep your risks controlled!
