Technical Analysis and trading signal for $USUAL /USDT

Current Price: $0.9049

24h High: $1.1040

24h Low: $0.9022

24h Change: -14.46%

Key Levels:

Support: $0.9022 (recent low)

Resistance: $1.1040 (recent high)

Trade Momentum:

Bearish Momentum: The price has dropped significantly (-14.46%) in the last 24 hours, showing a bearish trend in the short term.

Sell Pressure: There is currently a moderate sell pressure based on the drop in price and the reduced trading volume of USUAL.

Depth: 4.6193% suggests some liquidity but still not a strong bullish momentum.

Trade Signal:

1. Short-Term Bearish Trend (Sell Signal):

The price is below the key resistance ($1.1040), and the bearish momentum is currently in play. A break below $0.9022 could lead to further downside.

Target Levels:

Target 1: $0.8750 (next support level, if the price breaks the current low)

Target 2: $0.8500 (additional support based on past price action)

Target 3: $0.8000 (psychological level and major support zone)

2. Bullish Reversal Possibility:

If the price rebounds and breaks above the $0.9049 level, it could indicate a reversal. However, there is resistance at $1.1040, and any breakout above this level could lead to a recovery toward higher levels.

Bullish Target Levels:

Target 1: $1.10 (immediate resistance)

Target 2: $1.12 (previous price action resistance)

Target 3: $1.15 (next resistance)

Conclusion:

Currently, the market shows a bearish momentum for USUAL/USDT, and traders should consider selling near the resistance levels, particularly if the price fails to break $0.9049. However, if the price manages to break the resistance and close above it, a bullish reversal can be expected.

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