technical analysis and trade signal for $USUAL /USDT:🔥🔥🔥🔥👍👍👍
Current Price: $0.8103 (with a +9.13% gain in the last 24 hours)
24h High: $0.8880
24h Low: $0.7007
Key Support and Resistance Levels
Support Zone: $0.7007 (24h Low)
Resistance Zone: $0.8880 (24h High)
Indicators
SAR: The current SAR (Stop and Reverse) is at 0.7782, indicating that the trend might continue in the upward direction, but we should monitor for any reversal signals.
Momentum: Positive momentum observed, with the price increasing by 9.13% in the last 24 hours. The increase in volume (116.88M USUAL and 94.51M USDT) shows an active buying interest.
Moving Averages
Short-Term (15m): The price is above recent short-term averages, suggesting a bullish momentum.
Medium-Term (1h/4h): With recent green candles and higher lows, it indicates an uptrend in progress, but caution is required as the price is nearing resistance.
Trade Signal:
Buy Signal:
Entry: $0.8103 or lower (watch for price action near support).
Stop Loss: $0.7780 (below the SAR value and support area).
Target Levels (T1, T2, T3):
Target 1 (T1): $0.8600 (first resistance level after a breakout).
Target 2 (T2): $0.8800 (next resistance and potential consolidation point).
Target 3 (T3): $0.9000 (next major resistance level).
Momentum:
The momentum is bullish with increasing volume and positive price action. However, as the price approaches the resistance zone at $0.8880, a pullback could occur before a breakout.
Keep a close eye on the price action around the resistance area. If it fails to break through, the price could retreat to retest the support zone at $0.7007.
Risk Management:
Position Size: Maintain a smaller position near resistance or during high volatility.
Trailing Stop: To secure profits, consider using a trailing stop once the price hits Target 1 ($0.8600) and Target 2 ($0.8800).
Monitor the market closely for any signs of trend reversal or breakout to adjust your trading strategy accordingly.