Binance Technical Analysis: $USUAL /USDT
Current Price: $1.0621 (-5.30%)
Timeframe: 30m chart
Analysis Overview:
$USUAL /USDT is showing a pullback after testing higher levels earlier in the day. The price action suggests consolidation near a critical support zone. Traders should monitor key levels for potential breakouts or continued retracement.
Targets
1. Immediate Resistance (Target 1): $1.1000
A key resistance level recently tested.
A breakout above this level could signal short-term bullish momentum.
2. Mid-Term Resistance (Target 2): $1.1500
A significant resistance zone observed during the 24h high.
Sustained trading above this level may attract additional buyers.
3. Extended Bullish Target (Target 3): $1.2000
A psychological resistance level and key milestone for long-term bullish confirmation.
Reaching this level would confirm a broader bullish trend.
Risk Management
Support Level: $1.0500
A critical support zone to monitor for potential rebounds.
Falling below this level may lead to further bearish sentiment.
Stop-Loss Suggestion: $1.0200 to minimize downside risks.
Trading Insights:
Short-Term Opportunity: Look for a breakout above $1.1000 to target $1.1500.
Long-Term Opportunity: Sustained movement above $1.1500 opens the path toward $1.2000.
Advice: Secure partial profits at $1.1000 and adjust stop-loss to $1.0500 to protect gains while managing risks effectively.