$USUAL /USDT Technical Analysis
Current Price: $1.2702 (-20.36%)
Price Action: $USUAL /USDT has seen significant volatility, dropping from a 24-hour high of $1.6521 to a low of $1.1000. The price is currently consolidating near $1.2700, with potential for a reversal or further downside depending on market sentiment.
---
Targets:
1. First Target: $1.3500
Immediate resistance level. A recovery above this can indicate renewed bullish momentum.
2. Second Target: $1.5000
A key level to watch, aligning with mid-term resistance from prior price action.
3. Third Target: $1.6500
The recent high and critical resistance point. A break above this would signal strong bullish continuation.
---
Trade Management:
Secure Profits: Partial profit-taking recommended at $1.3500 and $1.5000 to manage risk.
Stop Loss: A stop loss at $1.2000 is advised to protect against further downside risks.
Market Outlook:
With current consolidation, a breakout above $1.3500 could attract buyers, while a failure to hold $1.2000 may lead to a retest of $1.1000 or lower. Traders should watch for volume confirmation before entering new positions.
