Technical analysis report for featured coins, customized for Binance Square users looking for profitable trade setups:
1. $USUAL ($0.4502, +49.12%): USUAL is experiencing a significant bullish breakout, with an increase of almost 50% in 24 hours. This indicates strong buying pressure. Traders should look for consolidation near the $0.45 level as a potential entry point for a long position, targeting $0.50. However, be cautious of a possible pullback due to overbought conditions.
2. $JASMY ($0.03198, +27.92%)**: JASMY is showing strong upward momentum. The price is approaching a key resistance level around $0.032. A break above this level could lead to further gains, with a target of $0.035. Consider entering on a pullback to $0.030 for a safer entry.
3. $DEXE ($20.88, +26.20%)**: DEXE is in a strong uptrend with a 26% gain in 24 hours. The price is testing the resistance at $21. A break above this level could push it towards $25. Traders should watch for a retest of the $20 support before entering a long position.
4. $AR ($15.84, +19.82%)**: AR is showing steady growth with a 20% increase. The price is approaching the $16 resistance level. A break above this could lead to a move towards $18. Look for a pullback to $15.50 for a potential entry point.
5. $OM ($5.48, +16.28%)**: OM is in a solid uptrend with a gain of 16%. The price is approaching the resistance level of $5.50. A break above this could reach $6. Traders should consider entering on a dip to $5.30 for a better risk-reward ratio.
Final thoughts:
Do your own research on the market before making any purchases, it is a very volatile and unpredictable market.
This is not financial advice.
