$VIRTUAL H4 could be poised for a deeper correction.
Chart somehow gives me an HnS pattern for a vibe.
Has retraced 51.06% since recording its ATH 2 days ago, but this EMA DX seems to want to tell me that market could make a VAL breakdown soon once the rest of jeeters wake up.
There's also an evident bearish FVG that was created from recent price plunge.
Invalidation if market pulls back towards a POC breakout, filling the FVG in the process.
Total Crypto Market 24H Liquidation (12/17/2024,10:39 AM UTC+10)
🔴LONGS: $219.11M 🟢SHORTS: $151.64M
A total of 117,752 traders got liquidated, resulting in total liquidations amounting to $370.74M. Notably, the largest single liquidation order, valued at $13.74M, occurred on Bitmex for #ETH/USD.