The chart provided is from Binance for the trading pair $USUAL /USDT with a 1-day (1D) candlestick time frame. Here's the analysis:

1. Price Movement:

Current price: $1.1896, up +5.46% for the day.

24-hour high: $1.2248.

24-hour low: $1.1157.

2. Indicators:

MA (Moving Averages):

MA(7): 1.2410 (yellow line) – Short-term trend.

MA(25): 0.8922 (pink line) – Medium-term trend.

These averages show a strong upward trend but suggest that the price may be retracing slightly from its peak.

3. Key Price Levels:

Peak price at $1.6521, indicating a potential resistance level.

Current support is near the $1.1157 zone, where the 24-hour low lies.

4. Volume:

Recent high volume, as seen in the lower panel, indicates strong market interest.

However, volume is slightly declining, suggesting reduced momentum.

5. General Trend:

The pair has shown strong bullish momentum, but it is now in a retracement phase after hitting its peak of $1.6521.

Observations:

The asset had a parabolic rise from $0.5317 to $1.6521, which is a significant upward movement.

Current consolidation suggests either:

A potential reversal if selling pressure continues.

A bullish continuation if the price holds above $1.1157 and volume supports the movement.

Key Trading Strategies:

Bullish Scenario: Look for a breakout above $1.2248 (24-hour high) for continuation toward new highs.

Bearish Scenario: A breakdown below $1.1157 could lead to further corrections toward the next support at $0.89.

Risk Management:

Monitor price near the MA(7) (short-term trend) and ensure stop-loss levels are adjusted if trading short-term.

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