$USUAL /USDT On the Verge of a Breakout?
Current Price: $0.9845
Key Levels to Monitor:
Resistance:
$0.9953: Immediate resistance, and a breakout above this could lead to a rally toward new highs.
Support:
$0.9770: A strong support level that could prevent further downside.
$0.9330: A critical lower support, with bearish implications if breached.
Trading Setup:
Long Entry: Enter near $0.9800, targeting $0.9950 and $1.0100, with a stop-loss below $0.9750.
Short Entry: Consider entries below $0.9750, targeting $0.9600 and $0.9400, with a stop-loss above $0.9850.
Market Insights:
With RSI at 63, bullish momentum is building but approaching overbought territory. The MACD shows a slight bullish crossover, indicating potential upside. Rising trading volumes signal a possible breakout above resistance, but a failure could result in consolidation or a pullback.
Stay alert to price action near key levels and adjust strategies accordingly.