USUAL/USDT is approaching a decisive region on the daily chart. Based on my reading, the high is likely to go a bit further. Below is the position with a short target.
🟢 LONG | $USUAL
🚪 Entry: 0,0144800, if the price returns to this region and shows a buying reaction. I won’t chase the high above the entry.
🎯 Target: 0,0150100
🛑 Stop loss: 0,0124882 (The stop is set quite far, so I advise you to closely monitor this position—if you see the upward move losing momentum, we can close the position before the StopLoss.) Stop loss is a safety measure to reduce losses, but nothing prevents closing a position earlier.
The price has risen above the short moving averages and is approaching the upper Bollinger Band. This favors the continuation of the move, but also calls for caution: StochRSI is already in an elevated region. That’s why the target is for a short, quick trade to strengthen the Cash.