$USUAL /USDT Technical Analysis & Trade Signal 🎯

Current Market Overview

Price: $0.5815 (Down 10.22%)

24h High: $0.7160

24h Low: $0.5638

Volume: 201.77M (USUAL) / 131.43M (USDT)

📉 Bearish Momentum Signals a Potential Short Opportunity

Key Support & Resistance Levels:

Support: $0.5638 (24h Low) – A strong support zone for potential reversals.

Resistance: $0.7160 (24h High) – A critical resistance to watch for price action.

Trendline Resistance: $0.5850 – Break above this could signal a change in direction.

⚡ Trade Signal:

Short Position (Sell):

Entry: $0.5850 (Breakdown below this level confirms bearish momentum)

Stop-Loss: $0.60 (slightly above resistance to protect from false breakouts)

Target 1: $0.5638 (Re-test of the 24h low)

Target 2: $0.5500 (Psychological support level)

Target 3: $0.5350 (Extended downtrend potential)

Long Position (Buy):

Entry: $0.5850 (Rebound confirmation from support)

Stop-Loss: $0.5638 (to manage risk)

Target 1: $0.60 (Immediate resistance zone)

Target 2: $0.6350 (Next resistance level)

Target 3: $0.6750 (Bullish breakout)

💡 Trade Momentum:

Bearish: Current momentum favors a downward movement. Watch for price behavior around support zones to gauge a possible reversal.

Bullish Reversal: A break above $0.5850 could initiate a shift towards upward momentum, targeting higher resistance zones.

🚨 Risk Management:

Stop-Loss: Always use stop-losses to limit potential losses.

Entry Points: Wait for price confirmation at key levels before making moves.

Volume: Monitor trading volume to spot signs of a potential breakout or continued trend.

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