Market Analysis Report: $USUAL /USDT!🔥💯
Current Price Action:
The USUAL/USDT pair is trading at $1.0980, showing a significant 14.36% decline in the last 24 hours. The market structure is consolidating near the $1.09 support level after a sharp correction from the recent high of $1.2969.
Key Levels to Watch:
• Long Entry: Consider entering a long position if the price breaks above $1.15, confirming a reversal towards the $1.20 resistance level.
• Short Entry: A short position is viable if the price breaks below the critical support at $1.05, aiming for a potential drop to $0.95.
Market Outlook:
The next move will depend on whether the bulls can reclaim the $1.15 zone. A breakout above this level could signal renewed bullish momentum, targeting $1.25 as the next significant resistance. Conversely, failure to hold above $1.05 might invite further selling pressure, pushing the price to test deeper supports near $0.90.
Recommendation:
• Short-Term Traders: Watch for a decisive break of key levels and manage risk with stop losses.
• Long-Term Investors: Accumulation near $1.05–$0.95 could offer a favorable risk-reward entry point.
Stay alert for high volatility as the price approaches critical zones.
