$USUAL /USDT Trading Analysis - Signs of Recovery Amid Downtrend
Chart Overview:
USUAL/USDT is trading at $1.0586, up 6.63% in the last 24 hours. The price recently hit a low of $0.9031 but has shown signs of recovery. Despite the upward move, the asset is still in a broader downtrend, with resistance levels to watch closely.
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Long Trade Setup:
Entry Zone: $1.0500 - $1.0600
Targets:
Target 1: $1.1000
Target 2: $1.1500
Target 3: $1.2000
Stop Loss: $1.0000 (below key support)
Analysis for Long Trade:
The recent bounce indicates potential buying interest near the $1.0000 psychological level. A sustained move above $1.0600 could push prices higher, targeting $1.1000 and above.
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Short Trade Setup:
Entry Zone: $1.0700 - $1.0800 (if price rejects resistance)
Targets:
Target 1: $1.0200
Target 2: $0.9500
Stop Loss: $1.0900 (above resistance to avoid false breakouts)
Analysis for Short Trade:
If the price struggles to break above $1.0700, a rejection could trigger a pullback to test the $1.0000 level or lower. Monitor for bearish patterns and declining volume for confirmation.
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Predictions and Market Behavior:
1. Bullish Scenario: Sustaining above $1.0600 with strong volume could lead to a move toward $1.1500 or higher as sentiment improves.
2. Bearish Scenario: A failure to maintain momentum above $1.0600 may lead to further downside, retesting the $1.0000 level.
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Key Levels to Watch:
Resistance Levels: $1.0600, $1.1000, $1.1500
Support Levels: $1.0000, $0.9500, $0.9000
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Risk Management Tip:
Given the recent volatility in USUAL/USDT, apply tight stop losses and use proper position sizing. Watch for volume spikes or momentum changes as triggers for entry.
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