$USUAL
Analysis of the Chart:
This analysis focuses on the USUAL/USDT pair, with a significant price increase of +2932% over a short period.(It's a stacking ammount)
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1. Trend Analysis
- Current Trend: The chart shows a highly volatile upward movement, with a massive spike from $0.0125 to $0.4780, followed by a retracement to $0.3790.
- The price is consolidating after the spike, indicating potential profit-taking or pause before the next move.
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2. Key Support and Resistance Levels
- Resistance Levels:
- $0.4780: All-time high in this time frame, strong resistance.
- $0.5013: Psychological barrier if price surpasses the high.
- Support Levels:
- $0.1599: Previous support level before the massive breakout.
- $0.0125: Initial starting price, extreme lower bound.
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3. Japanese Candlestick Analysis
- Candlestick Pattern:
- Large green candle followed by small candles indicates indecision or consolidation after a sharp rally.
- Watch for a bearish engulfing or doji near $0.3790, which could indicate reversal.
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4. Indicators and Oscillators
- Bollinger Bands:
- The price likely touched or exceeded the upper Bollinger Band, suggesting an overbought condition.
- RSI (6):
- RSI at 42.43, falling from overbought levels, suggests a cool-off phase with room for further downside if selling pressure increases.
- MACD:
- MACD signal unclear in this view, but the lack of momentum suggests reduced bullishness in the short term.
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5. Volume Analysis
- Volume Spike:
- High trading volume during the breakout indicates strong interest.
- Current lower volume suggests waning momentum, possibly consolidating or reversing.
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Recommendations:
Short-Term Trading:
- Entry Point: Enter around $0.25–$0.30if support holds.
- Take Profit: Target $0.45–$0.48 for short-term gains.
Long-Term Trading:
- Only consider a long-term position if the price stabilizes above $0.50, with increased volume. Otherwise, a further retracement toward $0.1599 or lower is possible.
- do not panick wait for Right Time.....
when price drop i post a new post
