Technical Analysis: $USUAL /USDT
Current Price: $1.3893 (+12.89%)
Timeframe: 30m Chart (Binance)
Key Technical Levels
1. Target Achieved: $1.3000 (Support Zone)
The price has rebounded strongly from the $1.3000 support, signaling potential bullish momentum.
2. Next Target (Upside): $1.5000
A sustained move above $1.4000 could see the price testing the $1.5000 resistance level.
3. Next Target (Downside): $1.2500
If the price faces rejection, it might retest the $1.2500 support, presenting a potential accumulation zone.
Trading Strategy
Short-Term Traders:
Monitor for a breakout above $1.4000 with a target of $1.5000. Consider placing stop-losses below $1.3000 to secure gains.
Long-Term Investors:
Accumulate near $1.2500 or lower for a longer-term target of $1.7000, aligning with the bullish trend shown in recent price action.
Indicators to Watch:
Volume Trends: Increased volume could confirm breakout above $1.4000.
RSI Levels: Monitor for overbought conditions near $1.5000.