Short Trade Opportunity on
$USUAL /USDT - A Strong Bearish Setup
$USUAL Current Market Price: $0.4050
Key Resistance Zone: $0.4100 - $0.4150 (Major Supply Zone)
Entry Range: $0.4050 - $0.4100 (Look for bearish rejection or confirmation)
Target 1: $0.3950 (Initial Support Level)
Target 2: $0.3850 (Primary Support Zone)
Stop Loss: $0.4200 (Above Resistance Level)
Trade Strategy:
The price is currently testing the $0.4050 region, with significant resistance observed between $0.4100 - $0.4150. Enter the trade within this range, but only after a clear bearish rejection or confirmation to ensure the potential for downside movement.
We expect the price to fall towards the $0.3950 level, with further potential to reach $0.3850 if the trend remains intact. These levels represent key support zones, where the price may find some stability or reversal opportunities.
Keep an eye on the 4-hour and 1-hour charts for confirmation of bearish momentum, particularly through volume analysis. A drop in volume at the resistance zone increases the likelihood of a price pullback.
Risk Management Guidelines:
Maintain a 2:1 risk-to-reward ratio to safeguard your capital. Ensure to adjust your stop loss if the market begins to consolidate around the resistance zone to minimize unnecessary risk.
If the price rises above $0.4200, it would indicate a breakout and you should exit the trade promptly to protect from further losses.
Momentum Analysis:
The RSI is currently approaching the overbought zone, which suggests that buying pressure may be fading, increasing the probability of a reversal.
A decrease in volume at the resistance zone strengthens the bearish outlook, as this implies weakening buying interest at higher levels.
Additional Tip:
Stay aware of Bitcoin’s price action, as any significant movement could lead to increased volatility in altcoins like
$USUAL , potentially affecting your trade.
Trade wisely and with caution, ensuring that all indicators align before committing to this opportunity.
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