USUAL has pulled back to my buy zone
USUAL has pulled back to my buy zone on the weekly chart. I will be accumulating and opening up leveraged trades at 0.59 and below.
I'm showing here near term targets on the 4 hourly chart for scalp trades but I will be monitoring this for holding this as a position trade for the long term.
My near term target is at 0.98 level if we break above 0.68 with volume support. My longer term targets are at 1.90 and above level.
On the macro level #UsualProtocol USUAL has introduced a revenue-sharing model to stabilize its ecosystem after its staked #stablecoin , USD0++, depegged from its $1 value.
The protocol announced the activation of a "revenue switch" starting January 13, which will distribute earnings from real-world assets and protocol operations to users. The protocol estimates $5 million in monthly revenues, yielding an annual return of over 50%. I think in the near term they have some kinks to work out but longer term this is a very bullish news and we will benefit from this as the users start seeing the actual revenue start coming in.
This is not a financial advise. Please DYOR.
I'm showing here near term targets on the 4 hourly chart for scalp trades but I will be monitoring this for holding this as a position trade for the long term.
My near term target is at 0.98 level if we break above 0.68 with volume support. My longer term targets are at 1.90 and above level.
On the macro level #UsualProtocol USUAL has introduced a revenue-sharing model to stabilize its ecosystem after its staked #stablecoin , USD0++, depegged from its $1 value.
The protocol announced the activation of a "revenue switch" starting January 13, which will distribute earnings from real-world assets and protocol operations to users. The protocol estimates $5 million in monthly revenues, yielding an annual return of over 50%. I think in the near term they have some kinks to work out but longer term this is a very bullish news and we will benefit from this as the users start seeing the actual revenue start coming in.
This is not a financial advise. Please DYOR.
E.O. Breakers
@cryptowhenlambo
linktr.ee/cryptobreakers
patreon.com/CryptoWhenLambo
@cryptowhenlambo
linktr.ee/cryptobreakers
patreon.com/CryptoWhenLambo
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
E.O. Breakers
@cryptowhenlambo
linktr.ee/cryptobreakers
patreon.com/CryptoWhenLambo
@cryptowhenlambo
linktr.ee/cryptobreakers
patreon.com/CryptoWhenLambo
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.