$VIRTUAL / USDT — Bearish Continuation Explained Simply 📉
$VIRTUAL is firmly in a downtrend on both the daily and 4H charts, with price trading below all major EMAs, which confirms strong seller control.
On the 1H timeframe, price has bounced into the EMA50, but instead of breaking higher, this level is acting as resistance — a common spot for shorts in a bearish market. Momentum is now turning back down, as the 15-minute RSI has dropped below 50, showing sellers are stepping in again.
The key confirmation is a break below the recent 1H low around 0.6969. That would signal the bounce is over and the next leg lower is starting.
Trade plan in plain words:
• Short entry: around 0.6969 – 0.7025
• Downside targets:
• First support near 0.6829
• Next level at 0.6773
• Deeper move toward 0.6661
• Invalidation: above 0.7165
In short: the bigger trend is bearish, the pullback is being rejected, and once support breaks, $VIRTUAL is likely to continue lower 🐻
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