2026-01-08 16:32:40

VIRTUAL/USDT this wave of market movement is worth paying attention to. From a technical perspective, the price surged to 1.1170 and then lost momentum, with upward momentum clearly weakening. The 1-hour MACD has already turned downward, and the death cross pattern has been confirmed, indicating that short-term correction pressure is indeed significant.

The RSI is currently at 64.95, which is in the higher range, showing a strong need for technical correction. The current price is around 1.1072. From a risk-reward perspective, this level can be considered an entry point for short positions.

Specifically:
- The key resistance level is at 1.1170
- The short-term target is towards 1.0902, with a further potential dip to 1.0700
- Stop-loss should be placed above 1.1300, with strict risk control

Overall, the short-term technical signals are quite clear, and the bearish outlook is relatively straightforward. However, it’s important to operate according to your own risk tolerance.

VIRTUAL-1,41%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

10 Likes

Reward
10
5
Repost
Share

Comment

0/400

LightningClicker

· 01-08 17:02

The death cross has been confirmed, and this bearish signal is quite clear. 1.1170 is the hard top. RSI is already at 64, still expecting a surge? Dream on, a drop is inevitable. Try testing the waters at 1.0902, and if it breaks, look at 1.0700. Stop loss at 1.1300, this rule cannot be ignored.

View OriginalReply0

GasFeeBarbecue

· 01-08 16:59

1.1170 this line really has no strength, the bearish signal is quite clear, I have already jumped in --- RSI64 is overbought, death cross confirmed, this wave of adjustment pressure is real, being cautious is not wrong --- Another shorting opportunity? I always feel like these signals are easy to get trapped in --- Can it really fall to 1.0700? Feels a bit optimistic --- Stop loss set above 1.1300, this level is quite strict, but risk control awareness deserves praise --- Short-term clearly bearish, but who knows if it will reverse? That’s just how the crypto world is --- Price is at 1.1072, I’m considering whether to go short --- MACD has turned around, but how many times has this signal fooled me --- Target 1.0902, further down to 1.0700, sounds a bit aggressive --- Operate according to risk tolerance, nonsense, but it’s really what needs to be done

View OriginalReply0

fren_with_benefits

· 01-08 16:50

Yeah, the death cross has appeared. This time, it might really drop. --- RSI is already at 64. Still dare to chase the rally? Wake up, brother. --- If the 1.1170 level can't hold, then look down to 1.09. I’m betting on it. --- Bearish outlook is clear +1, but I think there might be a few more shakes. --- Risk control is real; stop-loss above 1.13, no discussion. --- Is VIRTUAL going to be repaired again? Feels like it’s always undergoing technical repairs. --- The short-term target of 1.09 is a bit uncertain. I want to see if we can hold at 1.11. --- This MACD reversal is quite clear this time, unlike before when it was ambiguous. --- Be calm when shorting; don’t get liquidated. --- The 1.0700 bottom is a bit deep; not sure if it can drop that much.

View OriginalReply0

Gm_Gn_Merchant

· 01-08 16:47

Yes, I believe in the MACD death cross signal, but can it really reach 1.0700? --- A clear downtrend is a clear downtrend, but I'm just worried about another false breakout. I've been fooled before and I'm afraid of it again. --- RSI64 is indeed at a position where it should loosen up a bit. Are you ready to scoop up the dip? --- Risk control always comes first. Stop loss at 1.1300 cannot be taken lightly, I agree with that. --- Virtual currencies still depend on the overall market. Looking at VIRTUAL alone makes it easy to get caught. --- Short-term bearish outlook is fine, but the key is whether we can hold the 1.0902 level.

View OriginalReply0

WealthCoffee

· 01-08 16:37

The death cross has appeared. This move is quite interesting; with RSI so high, a correction is inevitable. I feel like the 1.1170 barrier is hard to break through. Bears can consider jumping in to try. The MACD reversal signal is quite clear, but risk management still needs to be strict. Do you believe this can drop to 1.07? I think it's uncertain. There should be quite a few people cutting losses. This position is indeed suitable for a quick short.

View OriginalReply0