š USUAL/USDT Analysis (5 Minutes)
Based on the chart you shared, here is a brief analysis:
š¹ Current Trends
Current price: 0.1592 USDT
Daily decrease: -12.67%
MA(7) = 0.1592 ā Price is just above MA(7), indicating balance between buyers & sellers.
MA(25) = 0.1588 ā Price is slightly above MA(25), indicating a short-term uptrend.
MA(99) = 0.1570 ā Price is far above MA(99), long term trend is still up.
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š¹ Technical Indicators
ā RSI(6) = 52.78 ā Neutral, not yet overbought or oversold.
ā MACD approaching zero ā Weak momentum, no strong indication of up/down.
ā Volume starting to decrease ā There could be consolidation before the next big move.
šÆ Conclusion & Trading Recommendations
1ļøā£ If you want to enter buy:
Wait for the price to correct to the 0.1580 - 0.1585 USDT area as support.
Make sure there is a green candle + increasing volume before entering.
2ļøā£ If you want to enter sell:
Can sell in the area of āā0.1600 - 0.1620 USDT , with a target of dropping to 0.1580 USDT .
Make sure the price is still below the resistance before entering sell.
3ļøā£ If the price drops deeper:
The next strong support is at 0.1570 USDT (as per MA(99)).
š” Note: Currently the price is still in a consolidation phase. Wait for confirmation of the movement before making a decision! š