Technical Analysis of $USUAL /USDT

Current Market Overview

Current Price: $1.2657

24h High: $1.2970

24h Low: $0.7500

SAR (0.02, 0.2): $1.2219 (indicates an upward trend as the price is above SAR).

Momentum: Bullish (38.97% increase in price within 24 hours).

Volume: Strong, with USUAL 894M and USDT 946.58M traded in 24 hours, showing high liquidity.

Key Support and Resistance Levels

Immediate Support: $1.22 (near SAR value).

Major Support: $1.08 (previous sell average price).

Resistance Levels:

First Resistance: $1.30 (recent high).

Second Resistance: $1.40 (psychological level).

Third Resistance: $1.50 (round number target).

Indicators Suggesting Momentum

RSI: Likely overbought, caution for pullback.

MACD: Bullish crossover indicates buying momentum.

Volume Spike: Confirms strong market interest.

Trade Signal for USUAL/USDT

Strategy:

Entry: Buy near $1.25 (current price level).

Stop-Loss: Place at $1.15 (below SAR and support).

Target Levels 🎯:

1. Target 1: $1.30 (short-term resistance).

2. Target 2: $1.40 (next resistance level).

3. Target 3: $1.50 (major psychological level).

Trade Momentum:

Bullish: Strong momentum driven by high volume and price surge.

Monitor closely as RSI indicates overbought conditions, which might trigger a pullback before continuation.

Recommendation:

Traders can look for a breakout above $1.30 for further confirmation of bullish momentum.

Keep an eye on overall market sentiment and volume trends for sustained movement.

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