$USUAL Here's what's next for USUAL:
1. Technical Indicators
Bollinger Bands:
The recent green candle has significantly breached the upper band (0.9370). This suggests an extended bullish move and a possible correction in the short term. 📈
The price is now retracing towards the central moving average of the bands.
MACD:
The DIF (0.0226) has crossed the DEA (0.0131), which signals buying strength. 💪
However, the histogram shows that the momentum is starting to fade.
RSI:
RSI(6): 53.9 → Short-term with moderate strength, far from overbought or oversold. ⚖️
RSI(14): 57.2 → It is in the neutral zone, indicating a possible balance between buying and selling.
Volume:
There was a large increase in volume (93.1M) on the recent bullish candle 📊, but the current candle suggests a slowdown in volume.
Moving Averages:
MA(5): 50,613,663.1 → Indicating a short-term increase. 🚀
MA(20): 13,372,312.9 → Medium-term support still well below.
2.Analysis and Recommendation
The chart shows signs of exhaustion of the recent rally after a big move. Volatility has increased a lot and the price is correcting after hitting 1.2073. In the short term, there is still a risk of the price testing lower supports.
Recommended Strategy: Short (Sell) 📉
The price has already had a significant pump, surpassed the resistance and is now showing signs of correction.
- Entry and Exit Points
Entry (Sell/Short): Between 0.8900 - 0.9000 🟡
Stop Loss (SL): 0.9600 (above the recent high of 1.2073, maintaining a safe margin) ❌
Take Profit (TP):
TP1: 0.8230 (first visible support) 🟢
TP2: 0.7500 (safest region to end the bearish movement) ✅
Possible Market Reactions
Whales: After the pump, they may start taking profits, forcing the price down. 🐋
Small traders: They may enter late in the rally (FOMO), which may provide liquidity for the short entry. 💸
General Market: If the price breaks 0.8230 with volume, a stronger downward movement towards 0.7500 is likely. 📉