Binance Word Of The Day 30 Dec 2024 5 Letters Answers : TR | NNQ PRC on Binance Square

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Binance Word Of The Day 30 Dec 2024
5 Letters Answers :

TRUST
8 Letters Answers:

MONUMENT 
#wotd2024  #WORDOFTHEDAY✅ 

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As of January 19, 2025, Usual (USUAL) is trading at approximately $0.571411. In the 4-hour timeframe, USUAL has experienced notable price movements. Applying the Wyckoff Method, which analyzes market cycles through phases of accumulation, markup, distribution, and markdown, USUAL appears to be in the markup phase. Key Observations: Preliminary Support (PS): Initial buying interest emerged around $0.50, indicating the beginning of demand. Selling Climax (SC): A strong sell-off drove prices down to approximately $0.497572, followed by substantial buying, forming a support level. Automatic Rally (AR): Reduced selling pressure allowed prices to rebound to around $0.55, establishing the upper boundary of the trading range. Secondary Test (ST): Prices revisited the $0.50 support, confirming its strength as selling pressure diminished. Sign of Strength (SOS): A decisive breakout above $0.55, accompanied by increased volume, indicates robust demand and the potential continuation of the uptrend. Implications: The current price action and volume patterns suggest that USUAL is in the markup phase, characterized by rising prices and strong demand. Considerations: Market Volatility: Cryptocurrency markets are highly volatile; unexpected price swings can occur. Confirmation Needed: While indicators point to a bullish trend, it's prudent to await further confirmation before making trading decisions. Conclusion: The Wyckoff analysis of USUAL's 4-hour chart indicates a bullish trend in the markup phase. Traders should monitor key support and resistance levels and consider market volatility when making decisions.

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