$USUAL /USDT Analysis and Targets
š Current Price: $1.1610 (-18.69%) š Timeframe: 30m
The pair has been on a steady downward trend, currently trading near its 24-hour low at $1.1160 after losing significant ground in recent sessions. The bearish momentum is evident, but potential recovery zones and resistance levels can provide actionable opportunities.
Targets Identified:
1. Immediate Support: $1.12
This level coincides with the 24-hour low. A retest of this level could either lead to a bounce-back or further continuation of the downtrend.
2. First Resistance Zone: $1.20
If bullish momentum builds, this level is key for short-term recovery. It also serves as a crucial pivot area for breaking the current trendline.
3. Major Resistance Target: $1.30
A sustained breakout above $1.20 may push the price towards $1.30, which aligns with the last consolidation area before the recent drop.
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Trading Suggestions:
Short-Term: Traders may look for opportunities near $1.12, with tight stop-losses below $1.11 to minimize risks.
Mid-Term: Partial profits can be secured at $1.20 if bullish reversal signs appear.
Long-Term: A confirmed move above $1.30 may open the doors for a trend reversal, potentially targeting higher zones.
š” Pro Tip: Always use trailing stop-losses to lock in profits and minimize risks during volatile movements.
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