$USUAL /USDT: Bullish Breakout or Exhaustion?
$USUAL /USDT is trading at $0.4446, marking an impressive 53.31% surge in the last 24 hours. With a high of $0.4531 and a low of $0.2834, this rally reflects strong momentum driven by market demand.
Key Levels to Watch
Resistance:
$0.4531: Immediate barrier; a breakout could extend gains to higher targets.
$0.4700: Psychological zone to watch for further upside.
Support:
$0.4200: Critical to sustain the current rally.
$0.4000: Major fallback support in case of retracement.
Trade Strategies
Bullish Scenario:
Entry: On a breakout above $0.4531.
Target 1: $0.4700
Target 2: $0.5000
Stop Loss: $0.4200
Bearish Scenario:
Entry: If the price falls below $0.4200.
Target 1: $0.4000
Target 2: $0.3800
Stop Loss: $0.4400
Market Insights
The RSI at 77 signals overbought conditions, suggesting a potential correction in the short term. The MACD is bullish, but fading momentum could lead to consolidation before another leg higher. Traders should watch for volume spikes to confirm the next move.
Manage your trades cautiously as USUAL/USDT navigates a critical juncture. Stay prepared for heightened volatility.