USUAL/USDT Rising Wedge – Bulls in Control, But Can It Hold?

2 Mar

🚀 Rising Wedge – Bulls in Control, But Can It Hold?

I'm currently long on USUAL/USDT as price moves within this rising wedge on the 1H chart. While this pattern often signals a potential breakdown, momentum is still strong for now.

📊 Key Observations:
🔹 Rising wedge pattern forming – typically bearish, but breakouts can happen.
🔹 MACD is bullish, showing momentum still favors the upside.
🔹 RSI is climbing, approaching overbought territory – watching for signs of weakness.
🔹 Volume increasing, signaling strong participation from buyers.

🎯 Trade Plan:
✅ Current long position targeting $0.2497 (potential breakout zone).
✅ If price breaks above resistance, we could see further upside towards $0.27+.
⚠️ However, if the wedge breaks down, key support sits at $0.22, with the measured move potentially dropping to $0.20 or lower.

🔥 Watching closely – will bulls hold, or is a reversal coming? Stop-loss in place to manage risk. Let’s see how this plays out!

Drop your thoughts below! 👇 Are you long or short on this move?

#Crypto #USUAL #Trading #PriceAction #TechnicalAnalysis #CryptoTrading #LongPosition

2 Mar

İşlem aktif

Currently up 63%

3 Mar

İşlem kapandı: hedefe ulaştı

✅ Trade Closed – 83% Profit Secured!
This trade has officially ended after getting stopped out in profit at 83%.

📊 What Happened?
🔹 Price reached my target at $0.2497, hitting a key resistance area.
🔹 Momentum started slowing down, as seen in the MACD and RSI.
🔹 A rejection from the wedge resistance led to a pullback, triggering my trailing stop.
🔹 While the wedge pattern suggested a potential breakout, sellers took control near the top.

⚡ Key Takeaways:
✅ Profit locked in – a successful trade overall.
✅ The market remains uncertain – watching for a potential breakdown if price loses key support.
✅ Patience and risk management paid off – securing gains before a reversal.

I'll be keeping an eye on the next setup. Let me know if you're still in or waiting for a re-entry! 👇

#Crypto #Trading #ProfitSecured #TechnicalAnalysis #RiskManagement #CryptoTrading