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$VIRTUAL 1D Update: - My bias is bullish as long as price holds above 0.7031 and the momentum indicators remain positive.
- I expect the price to test and potentially break above 0.7904 and 0.798, targeting 0.8488 next.
- Best setup would be to wait for a decisive breakout above 0.798, confirmed by bullish candlesticks or strong volume. Enter long on confirmation, target 0.8488, and consider letting some ride toward 1.1984.
- If there is a sudden rejection at 0.798 and a strong bearish reversal candle appears, a short scalp down to 0.7031 may be possible, but only with clear confirmation.
- Stop-loss for longs should be placed below the nearest swing low (such as just below 0.7031). For shorts, above the swing high that causes the rejection.
- If price closes strongly below 0.7031, my bias would turn bearish, targeting 0.6208 and 0.5700 next.
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