$USUAL /USDT Technical Analysis - Targets Update
Current Price: $1.1476
Change: -11.00% (30m timeframe)
$USUAL /USDT is currently rebounding from a volatile session with signs of stabilization. The chart indicates potential upward movement if critical resistance levels are breached. Here are the three targets to focus on:
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First Target: $1.2000 (Immediate Resistance)
Analysis:
This level represents the nearest resistance and psychological round figure. A breakout here could pave the way for further bullish momentum.
Action Plan:
Monitor closely for increased buying pressure. Partial profit-taking is advised at $1.2000.
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Second Target: $1.2500 (Key Resistance Zone)
Analysis:
Positioned just below the 24h high of $1.3191, this level is significant for confirming a sustained bullish trend.
Action Plan:
Adjust stop-loss to $1.1800 after reaching $1.2000. Secure partial profits near $1.2500 and confirm momentum.
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Third Target: $1.3000 (Extended Target)
Analysis:
This level represents an extended mid-term target and aligns with historical resistance. Breaking above $1.3000 could signify the beginning of a stronger trend.
Action Plan:
Trail stop-loss higher after $1.2500. Watch for overbought signals and consider reducing exposure near $1.3000.
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Support Levels to Watch:
$1.1000: Immediate support in case of a pullback.
$0.9400: 24h low, acting as a critical fallback zone.
Trading Strategy:
Use a stop-loss below $1.1000 to minimize risk.
Apply trailing stops at each target to lock in profits while leaving room for potential upside.