#MarketCorrectionBuyOrHODL The USUAL coin has seen a significant rise since its listing on Binance, with a significant increase over the past 48 hours. Currently, the coin is trading at $1.40, reflecting the growing demand for it.
Expected scenarios:
- Positive scenario: If the coin manages to stay above the $1.22 level and surpass the resistance at $1.2970, we may see an additional rise towards the $1.50 levels or higher.
- Negative scenario: In the event of a correction due to overbought conditions, prices may decline towards the support levels at $0.8467 or even $0.6009.
Technical analysis
1. General trend: The coin appears to be in a strong uptrend, with a series of green candles indicating increased demand.
2. Moving averages: The intersection of the 7-day moving average with the 21-day moving average indicates a bullish signal, which enhances the possibility of the uptrend continuing.
3. Relative Strength Index (RSI): Currently, the RSI is at 87.03, which means that the market is overbought, and we may see a price correction if this trend continues.
4. Trading Volume: The currency has seen a significant increase in trading volume, which reflects the strength of the buying momentum.
Investor Tips
It is preferable to wait for a correction towards strong support areas before entering new buy trades. It is important to manage risks well, and set a stop loss