$USUAL /USDT Technical Analysis and Trade Signals
Current Price: $0.8037 (+26.61%)
24H Range: $0.6011 - $0.8279
Key Observations:
1. Price Momentum:
Strong bullish momentum with a 26.61% increase in the last 24 hours.
Price retraced slightly from the resistance level ($0.8279).
2. Volume:
Significant 24h volume ($155.74M in USUAL), indicating strong interest.
3. Indicators Analysis:
RSI: Near overbought levels (~70). May indicate short-term correction but still bullish.
Moving Averages (EMA):
20 EMA: $0.7200 (Support Level).
50 EMA: $0.6500 (Major Support).
4. Support & Resistance Levels:
Immediate Support: $0.7500
Key Support: $0.7200
Immediate Resistance: $0.8279
Key Resistance: $0.8700
Trade Plan:
Entry Points:
Buy on breakout: Above $0.8279 (Confirmed breakout with volume).
Buy on dip: Around $0.7500 or $0.7200 (Support levels).
Targets šÆ
1. Target 1: $0.8700 (Immediate resistance).
2. Target 2: $0.9200 (Next psychological level).
3. Target 3: $1.0000 (Key milestone).
Stop Loss:
Place stop loss below $0.7200 for safer risk management.
Trade Momentum:
Bullish Bias: Short- to mid-term uptrend with high momentum.
Monitor RSI and volume closely; overbought conditions may lead to a brief correction.