Technical Analysis for $USUAL /USDT
Current Price: $1.31 (+4.86%)
The chart indicates a volatile but upward trend with strong momentum. The price tested a resistance level near $1.65 (24h high) and a support level at $1.10 (24h low), forming a consolidation zone.
Indicators and Momentum:
Moving Averages (MA):
Short-term MA suggests a bullish crossover.
Price above MA indicates upward momentum.
RSI (Relative Strength Index):
RSI near 65, signaling bullish momentum but approaching overbought territory.
Volume Analysis:
High 24h trading volumes confirm active interest in the pair.
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Trade Signal
Trade Type: Long/Buy
Entry Point: $1.30 - $1.33
Stop-Loss: $1.10 (to manage risk in case of breakdown)
Target Levels 🎯
1. Target 1: $1.45
2. Target 2: $1.60
3. Target 3: $1.75
Trade Momentum:
Short-term: Bullish (High momentum with potential for quick profit-taking).
Mid-term: Moderate (Watch for resistance at $1.65).
Long-term: Uncertain (Depends on whether it breaks above $1.65 for sustained bullishness).
Recommendation: Monitor RSI and volume closely; take partial profits at Target 1 and 2, and let the remaining position ride to Target 3 with a trailing stop-loss.