This is a 30-minute candlestick chart of $USUAL /USDT from Binance. Here's a professional analysis:

The chart indicates a strong uptrend, as prices have broken past the resistance near 1.2000 and are currently trading at 1.2970. Momentum appears bullish, with a significant increase in the past 24 hours. However, the overbought zone could signal a potential retracement.

Long Entry:

Entry Price: 1.2900 (on a slight pullback to retest support).

Stop Loss: 1.2500 (below the previous resistance-turned-support at 1.2000).

Target 1: 1.3500 (near-term resistance).

Target 2: 1.4000 (major resistance if the bullish momentum continues).

Short Entry (Risky Countertrend):

Entry Price: 1.3000 (if price shows rejection at current levels).

Stop Loss: 1.3200 (above the recent high).

Target 1: 1.2500 (retracement support).

Target 2: 1.2000 (major support level).

Summary: The primary strategy favors a long position since the trend is bullish. Short positions are riskier and should be considered only with strong bearish confirmation (e.g., bearish candlesticks or divergence). Always monitor volume and market conditions.

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