USUAL/USDT - Technical Analysis & Trade Signal
Current Price: $0.8063
24h High: $0.8279
24h Low: $0.6011
Key Technical Indicators:
RSI: Strong upward momentum, indicating bullish conditions.
SMA: Price is above the short-term moving average, signaling a bullish trend.
SAR (Stop and Reverse): Current SAR level at 0.8208, indicating possible resistance around that level.
Trade Signal:
Buy Signal: The price has been trending upward, supported by strong volume. A potential breakout above $0.8279 could push the price higher.
Target Levels 🎯:
1. Target 1: $0.8368 (Immediate resistance based on SAR levels)
2. Target 2: $0.8600 (Next major resistance zone)
3. Target 3: $0.9000 (Psychological resistance level and potential long-term target)
Momentum:
Bullish Momentum: The price is showing strong upward movement (+28.37%) with good volume. A breakout above the resistance level at $0.8279 could lead to further gains.
Stop Loss:
Stop Loss: $0.7600 (below recent low and SAR support)
Summary: Given the bullish price action, strong volume, and upward momentum, consider entering long positions with targets at $0.8368, $0.8600, and $0.9000. Always set stop-loss orders to manage risk effectively.
#BinanceMEOpening #MajorAirdropWatch #BURNGMT #RLUSDApprovalBoostXRP