VIRTUAL PROTOCOL Wave 2 Correction in Play After 4x Impulse

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Following the completion of its previous cycle correction, Virtual Protocol confirmed a bullish reversal via a breakout from a falling wedge, initiating Impulse Wave (1) with an impressive ~4x move. Current price action signals the commencement of Wave (2) corrective structure, aligning with standard Elliott Wave Theory post-impulsive behavior.

The buy-back zone (highlighted on chart) represents the high-probability retracement region based on Fib confluence (0.5–0.618 retracement levels) and prior structural support.

Wave (3) and Wave (5) targets are projected using Fibonacci extensions and historical momentum analogs. Eyes remain on the buy-back zone for optimal re-entry.

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Giao dịch đang hoạt động

We should patiently wait for the buyback zone to get triggered

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Ghi chú

Focus on Immediate buy back zone for quick long opportunity