Binance Technical Analysis: $USUAL /USDT
Current Price: $1.0614 (-6.17%)
Timeframe: 30m chart
Analysis Overview:
$USUAL /USDT has experienced significant volatility, with price movements signaling a potential breakout or further consolidation. Traders should focus on the key resistance and support levels for effective decision-making.
Targets
1. Immediate Resistance (Target 1): $1.1000
A short-term resistance level seen during the recent upward movement.
Breaking above this level may trigger a bullish move.
2. Mid-Term Resistance (Target 2): $1.1500
A significant resistance zone near the previous highs.
Sustained momentum above this level could indicate stronger buying interest.
3. Extended Bullish Target (Target 3): $1.2000
A psychological resistance and a key target for long-term traders.
Achieving this signals a solid bullish trend for USUAL.
Risk Management
Support Level: $1.0500
A key support zone to watch for potential price rebounds.
Falling below this may lead to bearish continuation.
Stop-Loss Suggestion: $1.0200 to minimize downside risk.
Trading Insights:
Short-Term Opportunity: Monitor for a breakout above $1.1000 to target $1.1500.
Long-Term Opportunity: Sustained trading above $1.1500 opens the path toward $1.2000.
Advice: Secure partial profits at $1.1000 and adjust stop-loss to $1.0700 to protect gains and mitigate risks effectively.