$USUAL USDT Verge For Breakout The resistance Breakout will trigger Upward levels๐จ๐!
$USUAL is trading at $1.3845, showing a slight retracement after testing the resistance near $1.40. ๐๐ The price action suggests a consolidation phase within a tight range, hinting at an upcoming breakout. ๐ง
Key Levels:
* Resistance: $1.40 (yellow zone on the chart) ๐ด
* Support: $1.35 (recent swing low) ๐ข
Trade Setup:
* Long Entry:
* Wait for a breakout above $1.40 with strong volume. ๐
* Target 1: $1.42 ๐ฏ
* Target 2: $1.50 ๐ฏ๐ฏ
* Stop Loss: Below $1.38 โ
* Short Entry:
* A rejection near $1.40 followed by bearish momentum. ๐ป
* Target 1: $1.38 ๐ฏ
* Target 2: $1.30 ๐ฏ๐ฏ
* Stop Loss: Above $1.43 โ
Market Outlook:
The market is primed for a significant move. ๐ฅ A breakout above $1.40 could trigger a bullish rally, fueled by sustained demand. ๐ However, failure to clear this resistance might lead to a pullback towards the $1.35 zone. ๐ป Traders should watch for confirmation signals before entering trades and manage risk effectively. โ ๏ธ
Action Plan:
* Bulls: Focus on a breakout above $1.40 for continuation. ๐
* Bears: Look for rejection candles to initiate shorts near resistance. ๐ป
* Stay cautious of fakeouts given the current consolidation. ๐ง