#VIRTUAL Long Liquidation Alert
Long Liquidation Value: $9.7904K at $4.38658
Entry Point: $4.4000
The entry point is set slightly above the liquidation price of #VIRTUAL at $4.38658, anticipating a potential price reversal or upward movement following the liquidation.
Target Price: $4.6000
Target set at VIRTUAL $4.6000, offering a 4.55% upside from the entry. This price level represents a key resistance, making it an ideal point for profit-taking.
Stop Loss: $4.2000
Stop-loss placed at $VIRTUAL $4.2000, limiting downside risk to approximately 4.55%. This stop-loss ensures protection if the market moves against the position.
Risk/Reward Ratio: 1.5:1
Risk: $0.2000
Reward: $0.2000
The 1.5:1 risk/reward ratio offers a favorable risk-managed setup for this trade.
Market Context:
The liquidation event of #VIRTUAL suggests possible upward momentum. Liquidation events often lead to buying pressure, which could drive the price toward $4.6000, facing resistance.
⚠️ Disclaimer:
Cryptocurrency trading is volatile. Always conduct thorough research and consult a financial advisor before making any investment decisions.