Technical Analysis for $USUAL /USDT

Current Price: $0.9671

24H High/Low: $0.9957 / $0.9330

The market shows a short-term bearish trend with a -2.08% decline in price. However, the price is nearing a potential support zone at $0.9330, suggesting a possible bounce. Let’s identify the trade signal, targets, and momentum:

Key Levels

Support: $0.9330 (24h Low)

Resistance: $0.9957 (24h High)

Trade Signal: Buy (Long Position)

Enter if the price holds above the $0.9500 zone.

Stop Loss: $0.9250 (Below the 24h Low).

Trade Momentum: Neutral to Bullish – Look for confirmation with volume increase and bullish candlesticks.

Targets 🎯

1. Target 1: $0.9800 (Short-term bounce)

2. Target 2: $0.9950 (Resistance zone retest)

3. Target 3: $1.0200 (Breakout potential above resistance)

Momentum Analysis

RSI: Likely near the oversold zone (~30-35), signaling a possible reversal.

MACD: Look for a bullish crossover on lower timeframes like 1H or 4H.

Volume: Monitor increasing volume above $0.9500 for confirmation of bullish momentum.

Summary

Entry Zone: $0.9500-$0.9700

Targets: $0.9800, $0.9950, $1.0200

Stop Loss: $0.9250

Momentum: Watch for breakout above $0.9957 to sustain bullish continuation.

Trade cautiously and adjust your strategy based on market sentiment!

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