$USUAL

/USDT A Bullish Momentum Run in Market 📈💯🔥

Current Price: 1.1928

24h High: 1.2980

24h Low: 0.9111

24h Volume (USUAL): 733.29M

24h Volume (USDT): 831.13M

Key Support and Resistance Levels:

Support: 0.9111 (24h Low), potential strong buying area if price retraces lower.

Resistance: 1.2980 (24h High), a critical level for a bullish breakout.

Trade Setup and Strategy:

Scenario 1: Bearish Continuation (Short Setup)

If the price continues to trend downward, especially breaking below the support of 1.1928, a short position could be viable.

1. Entry Point: Short at 1.1920 (break below the immediate support).

2. Stop Loss: Place above 1.2200 (recent resistance level).

3. Target Levels:

Target 1 (T1): 1.1000 (next support area).

Target 2 (T2): 1.0200 (psychological level).

Target 3 (T3): 0.9500 (deeper retracement).

Scenario 2: Bullish Reversal (Long Setup)

If the price forms a bullish reversal pattern around the 1.1928 level or shows bullish divergence in the RSI, a long position may be taken.

1. Entry Point: Long at 1.1950 (confirming bounce from support).

2. Stop Loss: Below 1.1900 (protecting against further downside).

3. Target Levels:

Target 1 (T1): 1.2200 (immediate resistance).

Target 2 (T2): 1.2600 (upper resistance).

Target 3 (T3): 1.2800 (approaching 24h high).

Scenario 3: Range Trading Strategy

If USUAL/USDT consolidates within the range of 1.1928 to 1.2980, a range trading strategy could be employed.

1. Buy near Support (1.1928) and sell near Resistance (1.2980).

2. Take profit near 1.2900 if the upper range is tested.

3. Stop loss below 1.1900 to manage downside risk.

Trade Strategy Summary:

Bearish Continuation: Enter short at 1.1920 with targets at 1.1000, 1.0200, and 0.9500.

Bullish Reversal: Enter long at 1.1950 with targets at 1.2200, 1.2600, and 1.2800.

Range Trading: Buy near 1.1928 and sell near 1.2980, adjusting stop loss below support.

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