Hello Binance Square family! š
Let's delve into the 12-hour analysis of USUAL/USDT, where technical patterns suggest a promising upward trajectory.
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š Current Market Snapshot
Current Price: $0.1527
24H Range: $0.1401 ā $0.1750
Trend: Bullish momentum with recent breakout
Key Support: $0.1400
Key Resistance: $0.1687
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š Technical Overview
USUAL/USDT is currently exhibiting a bullish trend on the 12-hour timeframe. The price has recently broken above the resistance level of $0.1500, indicating potential for further upward movement. Technical indicators such as the RSI and MACD support this bullish outlook, with the RSI approaching overbought territory and the MACD showing a bullish crossover.
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š Trade Setup
Entry Point: $0.1500
Stop-Loss: $0.1400
Take-Profit Targets:
šÆ TP1: $0.1600
šÆ TP2: $0.1700
šÆ TP3: $0.1800
šÆ TP4: $0.1900
šÆ TP5: $0.2000
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ā ļø Risk Management
Risk-Reward Ratio: Approximately 1:2
Position Sizing: Consider allocating 1ā2% of your portfolio to this trade.
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š Final Thoughts
The recent breakout above $0.1500 suggests that USUAL/USDT may be poised for further gains. Traders should monitor the price action closely, especially around the resistance level of $0.1687. A sustained move above this level could confirm the bullish trend and open the path to higher targets.
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Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
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