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Technical Analysis $USUAL /USDT & Trading Signal
Current Price: 1.1452 USDT
Technical Overview:
Trend: Bearish (Short-term price action shows a downtrend after reaching a high of 1.4577 and then declining to 1.1101)
Support Levels:
First Support: 1.1101 (Recent Low)
Second Support: 1.0971 (Strong Demand Zone)
Resistance Levels:
First Resistance: 1.1511 (SAR, Trend Reversal Level)
Second Resistance: 1.2005 (Previous Price Action Resistance)
Momentum Indicators:
RSI (Relative Strength Index): Most likely below 50, indicating bearish momentum.
SAR (Stop and Reverse): At 1.1511, indicating a potential reversal point if the price moves higher.
Trading Signal:
Action: Short (Bearish Momentum)
Entry Point: 1.1450 (near current price or on a slight increase)
Target Levels:
Target 1: 1.1101 (Support Level)
Target 2: 1.0971 (Strong Support Zone)
Target 3: 1.0800 (Extended Downward Potential)
Stop Loss: 1.1600 (Above SAR Resistance Level)