target set for 1.7 since patern is cup and handel in 1 hr tf ...within 8 days time 1.7 will be my target
Professor Mike
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Bullish
Market Analysis Report: $USUAL USDT on Binance!🔥💯
Current Status: The USUALUSDT pair is currently trading at $1.3860, showing a minor retracement after testing the resistance zone near $1.40. The price action reflects a consolidation phase within a tight range, hinting at an upcoming breakout.
Key Levels: • Resistance: $1.40 (highlighted with the purple zone on the chart) • Support: $1.35 (recent swing low)
Trade Setup: 1. Long Entry: • Wait for a breakout above $1.40 with strong volume confirmation. • Target 1: $1.45 • Target 2: $1.50 • Stop Loss: Below $1.37 2. Short Entry: • A rejection near $1.40 followed by bearish momentum. • Target 1: $1.35 • Target 2: $1.30 • Stop Loss: Above $1.41
Market Outlook: The market appears poised for a significant move. A breakout above $1.40 could trigger a bullish rally, driven by sustained demand. However, failure to clear this resistance could result in a pullback toward the $1.35 zone. Traders are advised to watch for confirmation signals before entering trades and manage risk effectively.
Action Plan: • Bulls should focus on a breakout above $1.40 for continuation. • Bears can look for rejection candles to initiate shorts near resistance. • Stay cautious of fakeouts given the current consolidation phase.