Technical analysis interpretation: $USUAL , is it a good time to buy below $1.2?
Now, the price of USUAL has dropped below $1.2, which makes many traders and investors jealous. We have to take a closer look to see if this is a good opportunity to buy or if there are any risks.
Let's take a look at some key data first:
Current price: $1.374732
In the past 24 hours, the price fell to $1.1155 at the lowest and rose to $1.3147 at the highest
In the past 30 days, the price has risen by 489.35%, which is quite fierce!
There are 476.05 million tokens in circulation, accounting for 11.9% of the total supply
Market value, $654.44 million
In the past 24 hours, the trading volume reached $597.1 million, which is a very lively market.
So should we really buy below $1.2? Let's take a look:
Support and resistance:
$1.2 is a strong support level. If the price can stabilize, it means that everyone is still optimistic and there is hope for an increase. But if it really falls below, it may have to fall for a while.
Recent price trend:
In the past 30 days, the price has risen like a rocket, and everyone is very excited. But the 24-hour low also makes people wonder, is this really optimistic, or is it starting to hesitate?
Trading volume:
The trading volume is quite large, which means that everyone is actively participating, and the price should be able to stabilize.
But you also have to pay attention to risks:
There are not many tokens in circulation. If they are all released in the future, the price may be affected.
In addition, the price has risen too fast, and everyone may want to sell first to make a profit, so the price may fall.
So how to trade?
If you want to buy:
If you are really optimistic about this project, you can start buying below $1.2. But you have to leave some room. If the price falls below $1.15, you have to sell it quickly to avoid losing too much.
If you want to sell:
If the price rises to $1.6, sell it quickly to make some profit.
If you like short-term trading:
You have to keep an eye on the prices of $1.2 and $1.6. Once the prices fluctuate, you can find opportunities to buy and sell.
For the next layout direction, I will lead everyone to aim at the profit opportunities of the copycat. There is no problem with the expected space of more than 10 times. Like + leave a message, and I will lead you to layout the entire bull market!
