Technical Analysis for $USUAL /USDT
Current Price: $1.3952
24h High: $1.4471 | 24h Low: $1.2248
Price Change (24h): +8.43%
Trend Analysis:
Short-Term Trend: Bullish momentum, currently trading above the SAR value of 1.4206, signaling a potential continuation of upward movement.
Support Levels:
Primary support at $1.3767.
Secondary support at $1.2248 (24h low).
Resistance Levels:
Initial resistance around $1.4471 (24h high).
Key resistance around $1.4583 (Depth level).
Trade Momentum: The recent price action and the upward momentum (8.43% gain in 24h) suggest a strong bullish trend. The price is testing the upper resistance levels, with the potential for continued upward movement.
Trade Signal:
Buy Signal: Consider entering if the price holds above $1.3952 and breaks the resistance at $1.4206 (SAR level).
Target Levels:
1. Target 1: $1.4471 (24h High)
2. Target 2: $1.4583 (Depth level resistance)
3. Target 3: $1.50 (Psychological resistance level, potential breakout point)
Stop-Loss: Place a stop-loss just below $1.3767 to manage downside risk.
This strategy focuses on a continuation of bullish momentum, with targets set near key resistance levels. Monitor for potential retracements before entry for a safer trade setup.
#BTCNextMove #BinanceLabsBacksUsual #GrayscaleHorizenTrust #Crypto2025Trends