a brief technical analysis and trade signal for the $USUAL
/USDT pair based on the latest data:
Technical Analysis:
Current Price: 1.0340 USDT
24h High: 1.0359 USDT
24h Low: 0.9383 USDT
Price Change: +7.99%
Trend Analysis:
Support Level: Around 0.9400 USDT (previous 24h low).
Resistance Level: Around 1.0359 USDT (24h high).
The price is in an upward momentum, breaking the resistance at 1.03 with bullish potential.
Momentum:
The recent 24h price movement shows positive momentum with a strong increase (+7.99%) above the 1.03 mark. This suggests a continuation of bullish sentiment in the short-term.
RSI (Relative Strength Index) and moving averages are likely indicating a continuation of the trend, though closer monitoring of any pullbacks near 1.04-1.05 is recommended.
Trade Signal:
Action: Buy
Entry Price: 1.0340 USDT (current price)
Target Levels (3 Targets):
1. Target 1: 1.0400 - Immediate resistance, conservative gain.
2. Target 2: 1.0500 - Psychological level and next resistance zone.
3. Target 3: 1.0700 - The upper boundary for the recent bullish trend.
Stop-Loss Level:
Stop-Loss: 0.9400 (below recent support level)
Trade Momentum: Bullish
The current uptrend momentum should sustain if price holds above 1.03 and moves towards 1.04 and beyond.
This is a simplified trade analysis. Remember to adjust stop-loss/targets based on your risk tolerance and monitor price movement continuously.