USUAL/USDT is currently trading at 0.9316, up 2.51% in the last 24 hours. The price is recovering from a daily low of 0.8903 and is approaching a short-term resistance level.
Price fluctuations and technical signals:
Nearest support: 0.8900 (the lowest in the last 24 hours).
Short-term resistance: 0.9500 and next at 0.9774 (the daily high).
RSI: At 56, indicating that buying pressure is gradually increasing but has not yet reached the overbought zone.
MACD: Recently crossed above the signal line, providing a positive signal in the short term.
Trading volume: Remains stable, supporting the price recovery.
Trading strategy:
Entry point: Consider buying at the current price level or when the price adjusts to 0.9150 (near support).
Take profit: Aim for 0.9500 and further at 0.9774 if upward momentum continues.
Stop loss: Set below 0.8850 to minimize risk if the price breaks below support.
Special note:
USUAL/USDT often exhibits behavior of breaking through minor support or resistance levels before reversing. Investors need to place stop-loss orders reasonably away from key levels, while also monitoring trading volume to confirm trends.
Capital management: Allocate a maximum of 20-25% of capital to this trade, focusing on support levels to minimize risk.
Emotional control: Avoid FOMO when the price approaches resistance levels, wait for clear confirmation signals to optimize profits.
USUAL may be suitable for accumulation in price zones near strong support like 0.8900. However, long-term investors should further monitor price movements and overall market trends to adjust their strategy.
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