$VIRTUAL Rockets Past $3.20: Bulls Eye $5.00 Target!

VVIRTUAL/USDT 4H Chart Analysis
Breakout confirmed: VIRTUAL has broken above the $3.20 resistance with strong volume, indicating bullish momentum and a potential trend continuation.

Current price: $3.95.

1. Key levels:

• Support: $3.20 (recently established support following the breakout).
  
• Resistance:
  
• Target 1: $4.40 (next immediate resistance).
  
• Target 2: $5.00 (extended resistance if bullish momentum continues).
  
• Pattern: A textbook bottom formation has been completed, signaling a strong reversal.
  

1. Trade setup:

• Entry: Current level ($3.95) or on a pullback near $3.60.
  
• Target:
  
• T1: $4.40.
  
• T2: $5.00 (if momentum sustains).
  
• Stop loss: Below $3.60 to minimize downside risk.
  
• Risk-to-reward: Favorable R:R, particularly if the price sustains above $3.60 and trends toward T2.
  
• Confidence level: 8/10, given the clean break of $3.20 resistance and volume confirmation
  

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1. Considerations:

• Volume confirmation: Ensure buy volume remains strong, especially near $4.40.
  
• Momentum check: Watch RSI for signs of overbought conditions as price approaches $4.40-$5.00.
  
• Resistance reaction: Be prepared for potential consolidation or rejection near $4.40 before targeting $5.00.
  

This setup suggests a strong bullish continuation if $3.60 holds, with clear upside targets in sight.