The 0.75 level is proving to be a crucial sweep zone for $VIRTUALUSDT, and I'm seeing a strong bounce off this area which is setting up a potential long opportunity. Technically, we're seeing a bullish higher timeframe structure, with the RSI at 54 indicating there's still room to run. Volume is relatively low at 0.1x, but the order block zone we're currently trading in suggests that smart money is accumulating.
On the chart, we can see that the recent uptrend has been strong, with VIRTUAL pushing higher off the 0.75 level. We're now seeing a retest of this area, and I'm expecting a breakout to the upside. The SMC Score is at 6.3/10, which indicates a moderate level of conviction from smart money.
Here are the trade levels:
- Entry: 0.75290
- TP1: 0.77331 (RR 1.9x)
- TP2: 0.80394 (RR 4.7x)
- SL: 0.74201
I'm looking for a long entry at 0.7529, with a stop loss at 0.74201. The first target is at 0.77331, with a second target at 0.80394.
Followers, keep a close eye on this one - it's setting up to be a great trade.
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