Based on the chart data:
1. Current Price Action:
The pair $USUAL /USDT is trading at $1.2020, showing a 36.90% increase in 24h.
The price reached a high of $1.2980 and pulled back to the current level.
Strong trading volume and clear breakout patterns are visible.
2. Moving Averages:
Short-term moving average (MA7) at $1.2332 is above the price, indicating resistance.
Mid-term moving average (MA25) at $1.1132 provides support.
Long-term MA (MA99) at $0.8395 is far below, confirming the uptrend.
3. Next Potential Move:
If the price breaks above the $1.2332 resistance (MA7), the next potential target could be $1.3000–$1.3500.
However, if selling pressure increases, the price might test the support at $1.1100 (MA25).
4. Indicators:
The high trading volume indicates strong interest, but the wick at $1.2980 suggests rejection and profit-taking.
Monitor for consolidation above $1.2000 as a bullish continuation signal.
5. Strategy:
Short-term traders: Consider securing partial profits at $1.2000 and trailing stop-losses to $1.1100.
Long-term holders: Maintain positions unless the price closes below $1.1100.
Key Levels:
Resistance: $1.2332, $1.2980, $1.3500.
Support: $1.1100, $0.8729.
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