VIRTUAL Cooling Off After a Strong Rally
VIRTUAL has shown impressive growth recently, but momentum is fading. Daily RSI peaks are trending lower—not a bearish divergence, but a sign of cooling off and a likely correction.Price is nearing an untested 12H demand zone (Order Block), a strong potential area for long positions.
Narrative and Market Outlook:
- The AI narrative remains strong, yet a short-term "Dead Cat Bounce" followed by accumulation is expected before the next impulse move.
- Deeper corrections could test significant support levels, potentially delaying recovery into March.
Strategy Moving Forward:
- Focus on high-probability zones like the 12H demand area for entries.
- Be patient—accumulation during corrections can set the stage for future upside.
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