$USUAL /USDT: How to Turn $40 into $120 with This Strategy

Current Price: $1.0551 (-4.13%)

Market Insights:

Support Zone: The immediate support level is around $1.05, which could offer a potential buying opportunity.

Resistance Zone: The next significant resistance level is around $1.10, where price could face selling pressure.

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Spot Trading Strategy:

1. Entry Point: Buy near $1.05–$1.06, expecting a reversal in price.

2. Target:

Short-term Target: $1.08

Mid-term Target: $1.10

3. Stop-Loss: Set a stop-loss around $1.02 to minimize risk.

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Futures Trading Strategy:

1. Leverage: Consider using 3x–5x leverage for higher returns.

2. Entry Point: Open a long position near $1.06, after confirming a positive price movement.

3. Targets:

Short-term Target: $1.08

Mid-term Target: $1.10

4. Stop-Loss: Tight stop-loss at $1.02 to manage risk.

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Profit Potential:

Spot Trade: Turning $40 into $120 if the price reaches the mid-term target of $1.10.

Futures Trade: With leverage, you could potentially multiply your returns, turning $40 into $120 or more.

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Risk Management:

Monitor market trends and be ready to adjust your position to lock in profits or cut losses.

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Disclaimer:

Trading involves risks due to market volatility. Always conduct thorough research and seek advice from financial professionals if needed. Proper risk management is essential.