$USUAL Bold prediction was 💯💯 accurate 🔥

1. Support and Resistance of $USUAL

Resistance: The recent high of 1.2073 is the immediate resistance level. If broken, a new upward target could be formed.
Support: The strongest support is visible at 0.6450 (previous low). A minor support can be seen around 0.8231, which was a consolidation area before the breakout.

2. Trend Analysis
The price shows a strong bullish breakout, with significant volume backing this up. This indicates a potential for further upward movement.

However, the current rejection at 1.2073 suggests short-term sellers may be taking profits.

3. Volume

There is a notable spike in volume on the bullish move, which confirms strength during the breakout phase. However, decreasing volume afterward signals potential exhaustion of buyers near the resistance.

Trading Strategy

Long Position

Entry Point: Consider entering near the 1.0292 level after a slight pullback (previous short-term support). If the price dips further, 0.8231 becomes a stronger buy zone.

Stop-Loss: Place stop-loss at around 0.9826 (below MA-7) or tighter based on risk appetite.

Target: Aim for the immediate resistance at 1.2073. If broken, the next potential target could be around 1.2355.

Short Position

Entry Point: If the price fails to break above 1.2073, a short position can be considered.

Stop-Loss: Place stop-loss slightly above 1.2073 (e.g., 1.2200) to protect against false breakouts.

Target: The initial target is 1.0292, followed by a more conservative level of 0.8231 if bearish momentum intensifies.
Market Insights

1. Bullish Momentum: The sharp upward movement indicates buyers are dominant in the short term. Look for a retest of support levels to confirm trend continuation.

2. Risk of Correction: The rejection at 1.2073 highlights profit-taking, which could lead to a pullback toward 1.0292 or 0.8231 before another push higher.

3. Volume Consideration: Monitor volume closely. A breakout above 1.2073 with strong volume is a bullish signal. Weak volume during upward moves suggests caution.
So here is the conclusion
Support: 1.0292, 0.8231, 0.6450

Resistance: 1.2073, 1.2355

Long Entry: Near 1.0292, stop-loss at 0.9826, target 1.2073.

Short Entry: Below 1.2073, stop-loss at 1.2200, target 1.0292 or 0.8231.

This strategy is based on price action, support/resistance, and volume behavior. Always manage risk and wait for confirmation signals.
#Write2Earn! #USUALSpotLaunch