đŻđđTechnical Analysis and Trade Signal for $USUAL /USDTđŻđđđ
Current Price: $0.8855
24h High: $1.2073
24h Low: $0.6450
SAR: 0.7479
Support and Resistance Levels:
Immediate Support: $0.7479 (SAR value)
Key Support: $0.6450 (24h low)
Immediate Resistance: $1.2073 (24h high)
Trade Momentum:
The price of USUAL is showing positive momentum with a +5.30% increase, reflecting buying interest in the market. The recent price action is testing the higher levels, indicating a possible continuation if market conditions support the trend.
RSI (Relative Strength Index): If the RSI shows values above 70, it may indicate an overbought condition, suggesting caution before entering long positions.
Volume Trend: A rise in trading volume will confirm the strength of the current upward move. Monitor if the volume maintains or increases, supporting upward momentum.
Trade Signal:
Buy when price breaks and holds above $0.8855 (current price), targeting the following levels:
1. First Target: $1.00 â Potential resistance zone.
2. Second Target: $1.10 â Next significant resistance level.
3. Third Target: $1.20 â Reaching the previous 24h high.
Stop Loss:
Place the stop loss near $0.7479 (SAR value) to minimize risk in case of a market reversal.
Trade Recommendation:
With the current trend and price momentum, a long position is advisable. A break above the current price ($0.8855) would confirm bullish momentum. Keep an eye on trading volume and any signs of overbought conditions, which could suggest potential pullbacks.