Clarification On $USUAL listing on Binanance, USUAL/USDT will b suspended From pre market trading on 2024-12-17 14:00 UTC+5 in preparation for listing on spot spot trading will begin at a later time please pay attention⚠️ to the risks when trading #BinanceAirdropsCATandPENGU
Key Observations:
1. **Price Data**:
- **Current Price**: **0.7978 USDT**
- **24H High**: **0.8880 USDT**
- **24H Low**: **0.7007 USDT**
- The price has risen **+11.60%**, indicating recent bullish momentum.
2. **Trend**:
- The **60 MA (Moving Average)** is at **0.8112**, which is slightly above the current price.
- The overall short-term trend appears **downward**, given that the price is under the MA(60).
3. **Volume**:
- Increased **red candles** (sell volume) suggest bearish pressure recently.
- However, there is some buying volume building as indicated by green spikes.
4. **Support and Resistance**:
- **Immediate Resistance**: **0.8112** (MA 60) → This is a crucial level to break for bullish confirmation.
- **Immediate Support**: **0.7857** → Recent low point.
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### Trade Analysis:
#### Scenario 1: Long Position (Buying)
- **Entry Point**: Around **0.7978 USDT** (current price).
- **Take Profit (TP)**:
- **TP1**: **0.8112 USDT** (MA 60 resistance).
- **TP2**: **0.8324 USDT** (next major resistance).
- **Stop Loss (SL)**:
- Place at **0.7850 USDT** (below immediate support) to limit downside risk.
- **Risk/Reward Ratio**: Approximately **1:2**, favorable if the price breaks upward.
#### Scenario 2: Short Position (Selling)
- **Entry Point**: If the price **fails to break 0.8112** and shows reversal signs.
- **Take Profit (TP)**:
- **TP1**: **0.7857 USDT** (immediate support).
- **TP2**: **0.7700 USDT** (lower range target).
- **Stop Loss (SL)**:
- Place at **0.8120 USDT** to manage risk if the price breaks upward.
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### Trade Signals:
- **Bullish Confirmation**: Price closing **above 0.8112 USDT** with volume → Enter a **long**.
- **Bearish Confirmation**: Price rejecting at **0.8112 USDT** with red candles → Enter a **short**.
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### Risk Management:
- Use **SL** strictly to limit losses.
- Monitor volume and price action near **0.8112 USDT** for confirmation. #BTCNewATH $USUAL