To identify a good entry in the USUAL/USDT pair, it is important to consider some aspects:
1. Support Zone
• The current price is at 1.0943, but after a strong rise, corrections are common.
• Closest support: 0.9187 — This zone can be interesting for entries, as it is usually a natural retracement point after a rally.
• Another relevant support: 0.5846 — Although further away, it is a strong support on the chart.
2. Strategy with Fibonacci or Moving Averages
• Use MA(7) at 0.9050 as a potential entry point, as the short moving average usually serves as support in uptrends.
• Fibonacci Retracement: A correction to 0.91-0.92 could be a good entry, aligned with support and technical zones.
3. Signal Confirmation
Before entering:
• Reversal candle close to the support zone (such as a hammer or bullish engulfing).
• Reduced selling volume near support, indicating exhaustion of selling.
4. Risk Management
• Place a stop loss below support at 0.9050 or 0.9187, depending on the entry.
• Target: First resistance at 1.2073, seeking a risk-reward of at least 2:1.
Entry
• Enter between 0.91 and 0.92, with a stop loss at 0.89 and take profit at 1.20.
If the price does not correct to this level, wait for a breakout with confirmation of resistance at 1.2073 to enter the continuation of the rise.$USUAL