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.

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