The $USUAL /USDT chart on Binance (4H timeframe) shows a significant bullish breakout, currently trading at 1.0928 (+29.96% daily). The price recently surged from the 0.80 zone, breaking psychological resistance levels around 1.00. Key observations include:
Long Entry:
Entry Point: Look for a potential pullback to 1.00–1.05 (previous breakout zone).
Target: First target at 1.20 (24h high), followed by 1.30 if momentum sustains.
Stop Loss: Place a stop loss around 0.95 to protect capital in case of reversal.
Short Entry:
If the price fails to hold above 1.10, a short opportunity could arise.
Entry Point: Around 1.08–1.10 (resistance area).
Target: Short-term target at 0.95, followed by 0.85 for extended downside.
Stop Loss: Place stop loss at 1.15 to minimize risk.
Conclusion:
The chart is currently bullish, but with strong price movements, watch for a potential retracement for safer long entries. Always follow risk management with proper stop losses, and avoid chasing price at current highs.
#BinanceAlphaTop5 #BTCNewATH #BinanceAirdropsCATandPENGU #FullMarketBullRun