🔥USUAL analysis 🔥

Usual (USUAL) is currently trading at approximately $0.9602, reflecting a 5.70% increase over the past 24 hours.

Technical Analysis:

Immediate Resistance: $1.00

Major Resistance: $1.10

Immediate Support: $0.90

Trade Setup:

Entry Points:

First Entry: Near $0.93 if a bullish reversal pattern (e.g., bullish engulfing or hammer) forms.

Second Entry: If the price stabilizes and reclaims $0.95 with signs of upward momentum.

Breakout Entry: Buy on a confirmed breakout above $1.00 with strong volume.

Stop Loss & Risk Management:

Stop Loss: Place a stop loss at $0.89 to limit potential losses if the price continues to decline.

Risk/Reward Ratio: Aim for at least 1:2 to balance risk and potential reward.

Target Levels:

First Target: $1.00 (Immediate Resistance)

Second Target: $1.10 (Major Resistance)

Third Target: $1.20 (Next Psychological Resistance)

Trade Strategy Summary:

Buy on:

Support at $0.93 or breakout above $1.00.

Target Levels:

$1.00, $1.10, $1.20.

Stop Loss:

Below $0.89.

Risk/Reward:

Maintain a 1:2 ratio or better.

*Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any trading decisions.*