Based on the chart you’ve shared, let me provide a pure technical analysis approach. Here’s the breakdown:
Key Observations:
1. Current Price: $1.0873, slightly below the recent high of $1.1090.
2. EMA Alignment:
EMA(7): $1.0803 (yellow line, showing short-term bullish momentum).
EMA(25): $1.0713 (indicating a growing mid-term uptrend).
EMA(99): $1.0697 (long-term support, slightly below current price).
3. Price Momentum:
The price is trading above all key EMAs, indicating a potential continuation of the bullish trend.
Recent wicks suggest resistance near $1.11 but growing buying pressure.
4. Volume Surge: High volume over the last few candles supports the upward momentum.
---
Prediction and Strategy for Traders:
Bullish Case (Preferred Scenario):
If the price breaks $1.1090 and sustains above $1.11, we could see the following targets:
Target 1: $1.1277 (recent 24h high).
Target 2: $1.15 (psychological resistance).
Strategy: Place a long position on the breakout of $1.11 with a stop-loss at $1.071 (just below EMA(25) for safety).
Bearish Case (Alternative Scenario):
If the price fails to sustain above $1.11 and drops below $1.071 (EMA-25), a bearish reversal could begin, targeting:
Support 1: $1.0536.
Support 2: $1.0238 (24h low).
Strategy: Short below $1.071 with a stop-loss at $1.09 and book profits near the mentioned supports.
---
Recommendation to Traders:
Short-Term Traders: Watch for the breakout of $1.11 or breakdown of $1.071 to decide your trade direction.
Long-Term Holders: Stay patient. As long as the price is above EMA(99) ($1.0697), the trend remains bullish.
Stay disciplined with stop-losses and position sizes. Let the market decide your entry and exit with confirmed breakouts.
#UsualToken #USUALonLaunchpool #CryptoETFMania #JanuaryTokenUnlocks
