I get on at 0.45, do I need to get off, do a long position, or should I wait for a pullback to around 0.6 to absorb a bit more?

$USUAL Current USUAL/USDT price is 0.6792 USDT. Below is an analysis of the current market conditions:

Main Observation Points
1. Price Performance:
• Current price 0.6792 USDT, down -8.62%.
• 24-hour highest price: 0.8125 USDT
• 24-hour lowest price: 0.6502 USDT
2. Technical Indicators:
• MA(7) moving average value is 0.6385 USDT, current price is still above the short-term moving average, indicating that the bullish trend has not been completely broken.
• From the chart, it can be seen that the price is in a pullback phase but has not yet broken through key support.
3. MACD (not fully displayed):
• Bullish momentum may weaken, but it is still necessary to combine trading volume and other indicators to determine if a reversal signal is formed.
4. Impact of News:
• The announcement indicates that this coin will stop pre-market trading and transition to the spot market on 2024-12-17, which may increase short-term volatility.

Support and Resistance Levels
• Support Level:
• 0.6502 (24-hour lowest price) is an important short-term support. If it breaks below, it may lead to further pullback.
• Stronger support may be around 0.60.
• Resistance Level:
• Upper resistance is in the range of 0.75-0.80 USDT.
• If it rebounds and breaks through 0.80 USDT, it may regain an upward trend.

Trend Analysis
• Short-term Trend: The price is in an adjustment phase, but there has not been significant selling, and it may fluctuate in the range of 0.65-0.75 USDT in the short term.
• Mid-term Trend: As spot trading is about to begin, market sentiment may drive the price to fluctuate further. If market liquidity increases, the price may recover upward.

Operational Suggestions
1. If already holding positions:
• Consider taking partial profits in the range of 0.75-0.80 USDT.
• If optimistic in the long term, observe the support performance at 0.65 USDT and consider adding positions near the support level.
2. If planning to enter:
• It is recommended to observe if there are clear support rebound signals near 0.65 USDT before entering in batches.
• Set a stop-loss level below 0.60 USDT to reduce risk.
3. Precautions:
• Short-term fluctuations may be large, control position size to avoid blindly chasing highs.
• Closely monitor changes in trading volume; if the price rebounds with increased volume, it may be a signal for bulls to restart.

If you need more detailed strategies or have other questions, feel free to discuss further! #USUAL现货即将上线