Here’s a brief technical analysis and trade signals for $USUAL
/USDT:
Technical Analysis Summary:
Current Price: $0.9813 (down 7.04% in the last 24h)
Trend: Bearish in the short-term as the price has dropped below key support levels. The momentum is still weak but could show signs of reversal if buyers step in.
Support Levels:
$0.9720 (24h Low)
$0.9654 (Immediate support)
Resistance Levels:
$1.1090 (24h High)
$1.0138 (Short-term resistance)
The price is trading near a key support zone, but it needs to break above the resistance at $1.0138 to show signs of bullish momentum.
Trade Signals:
Buy Signal: When the price breaks above $1.0138 with increased volume, indicating a potential bullish reversal.
Sell Signal: If the price breaks below $0.9654 with high volume, confirming a continuation of the downtrend.
Target Levels 🎯:
1. Target 1: $1.0138 (First resistance level)
2. Target 2: $1.0500 (Intermediate resistance)
3. Target 3: $1.1000 (Higher resistance target)
Trade Momentum:
Bullish Momentum: If the price breaks and sustains above $1.0138, momentum can shift toward the upside, with possible targets reaching $1.0500 or higher.
Bearish Momentum: If the price falls below $0.9654, expect further downward pressure with potential for a drop to $0.9300 or lower.
Stay cautious of market volatility, as price movements could be rapid in either direction. Always consider stop losses to manage risk.
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