EonHextor
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Bullish
The fact that Usual ($USUAL ) hasn’t dropped below 1.11 in the last 48 hours suggests support at that price level. Here’s what this could mean:
Key Takeaways:
1. Potential Support Level:
• If the coin consistently bounces back from 1.11, it signals that buyers are stepping in at this price, preventing further decline.
• This could indicate that sellers are losing momentum and the price may stabilize or rise from here.
2. Accumulation Phase:
• When prices hover around a low point without breaking lower, it often means investors are accumulating at a perceived discount.
• This could lead to an upward price movement if buying pressure increases.
3. Reduced Downward Pressure:
• If no negative news or major sell-offs occur during this period, it suggests that the price may have found a temporary floor.
• If the broader market remains stable or bullish, this could signal a reversal or slow climb toward 1.4 again.
Next Moves to Watch:
• Breakout Above 1.15:
If the coin breaks above 1.15-1.20, it could indicate the start of a recovery. This may trigger more buying activity and push the price toward 1.4.
• Drop Below 1.11:
If the price breaks below 1.11, it could invalidate the support level, signaling further downside (potentially to 1.00 or lower).
• Volume Increase at 1.11:
Watch for increased trading volume near 1.11. Higher volume at this level reinforces the idea of strong support.
What You Can Do:
• Hold for Now: Since 1.11 is holding, waiting to see if it climbs might be a reasonable approach.
• Set Alerts: Place a price alert at 1.10 (for a possible drop) and 1.15 (for a potential upward move).
• Stop Loss: If you want to protect yourself, consider a stop-loss just below 1.11 (around 1.08-1.10).
Key Takeaways:
1. Potential Support Level:
• If the coin consistently bounces back from 1.11, it signals that buyers are stepping in at this price, preventing further decline.
• This could indicate that sellers are losing momentum and the price may stabilize or rise from here.
2. Accumulation Phase:
• When prices hover around a low point without breaking lower, it often means investors are accumulating at a perceived discount.
• This could lead to an upward price movement if buying pressure increases.
3. Reduced Downward Pressure:
• If no negative news or major sell-offs occur during this period, it suggests that the price may have found a temporary floor.
• If the broader market remains stable or bullish, this could signal a reversal or slow climb toward 1.4 again.
Next Moves to Watch:
• Breakout Above 1.15:
If the coin breaks above 1.15-1.20, it could indicate the start of a recovery. This may trigger more buying activity and push the price toward 1.4.
• Drop Below 1.11:
If the price breaks below 1.11, it could invalidate the support level, signaling further downside (potentially to 1.00 or lower).
• Volume Increase at 1.11:
Watch for increased trading volume near 1.11. Higher volume at this level reinforces the idea of strong support.
What You Can Do:
• Hold for Now: Since 1.11 is holding, waiting to see if it climbs might be a reasonable approach.
• Set Alerts: Place a price alert at 1.10 (for a possible drop) and 1.15 (for a potential upward move).
• Stop Loss: If you want to protect yourself, consider a stop-loss just below 1.11 (around 1.08-1.10).
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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