$VIRTUAL : Bearish Dominance & Momentum Acceleration 📉
Trading Setup: Short
Entry Zone: 0.782 – 0.775
SL: 0.802
TP1: 0.771
TP2: 0.765
TP3: 0.759
VIRTUALUSDT
Perp
0.7706
-4.65%
Technical Analysis
$VIR$VIRTUAL onfirming a structurally bearish trend across the Daily and 4H charts, with price action trading firmly below all key Exponential Moving Averages (EMAs). Momentum is actively accelerating lower, evidenced by the 1H RSI sitting at a weak 37 and continuing to fall, which confirms the persistent and dominant downtrend.
Execution Trigger
The setup identifies a high-conviction trend continuation play. The short entry is primed near the 0.7918 level. The key confirmation signal is a 15-minute RSI reading sustaining below 50, which validates the beginning of the next wave of selling pressure. This aligns all timeframes for a move lower, targeting 0.781415 and potentially the 0.771031 extension.