$USUAL/USDT KNOCKING ON BREAKOUT DOORS
The USUAL/USDT pair is currently trading at 0.9259 USDT, with a positive 24-hour change of +0.26%. The 24-hour trading range has seen a high of 0.9600 USDT and a low of 0.8645 USDT. Notably, the trading volume is robust, with 152.84 million USUAL and 139.40 million USDT changing hands, indicating strong market activity.
The chart displays a bullish trend, with the price recently reaching a high of 0.9506 USDT. After a slight pullback, the price is consolidating around the current level, suggesting potential for another upward move. The strong support level at 0.8945 USDT provides a solid base for the bulls to push higher.
Trade Scenarios:
- Bullish Scenario: A sustained move above 0.9400 USDT could signal further upside potential. Consider entering a long position with a Take Profit (TP) at 0.9800 USDT and a Stop Loss (SL) at 0.9000 USDT.
- Bearish Scenario: If the price falls below 0.9100 USDT, it may indicate a reversal. In this case, consider a short position with a TP at 0.8700 USDT and an SL at 0.9500 USDT.
Market Outlook:
The market sentiment appears cautiously bullish. Watch for a breakout above the current resistance to confirm the next directional move. The consolidation phase may lead to significant trading opportunities.
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