📊 $USUAL

/USDT Technical Analysis on Binance (28th November 2024)

Current Market Overview:

Price: $0.3167 (+24.15%)

24h High: $0.3300

24h Low: $0.2515

24h Volume: 134.02M (USUAL), 39.34M (USDT)

Technical Indicators:

Bollinger Bands (20,2):

Upper Band (Resistance): $0.3274

Middle Band (Pivot): $0.2997

Lower Band (Support): $0.2720

Moving Averages:

MA(5): 3.1M

MA(10): 4.4M

Market Depth (Binance):

Key Resistance: $0.3345

Key Support: $0.2987

Price Targets:

1️⃣ Target 1 (Short-Term Resistance): $0.3300

This aligns with the 24h high and is a critical resistance level. A breakout above this could signal a bullish momentum continuation.

2️⃣ Target 2 (Mid-Term Resistance): $0.3500

If momentum sustains, the next psychological level lies at $0.3500, where traders might take partial profits.

3️⃣ Target 3 (Key Resistance): $0.3700

This represents a significant longer-term resistance and a potential reversal zone if reached. Look for signs of consolidation or reversal here.

Support Levels to Watch:

Immediate Support: $0.2997 (Middle Bollinger Band)

Key Support: $0.2720 (Lower Bollinger Band and critical support zone)

Momentum Insights:

With a 24% price increase, USUAL/USDT is showing strong upward momentum. However, watch closely for pullbacks at key resistance levels or if volume decreases.

Trading Tip: Consider risk management strategies, setting stop-losses below $0.2987 to minimize potential losses in case of trend reversal.

Disclaimer: This is for informational purposes only. Please do your own research and trade responsibly.