Major Long Liquidation on $USUAL ! ⚡💥
A massive long liquidation worth $8,747.6 has just occurred at $1.04736! This signals that bulls are being forced out, possibly opening the door for further price drops or a reversal bounce. ⚖️
Here’s your detailed strategy to navigate $USUAL:
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What’s Happening?
Long liquidations often indicate weak bullish momentum and potential for downward pressure.
However, liquidations can also spark bounce-back opportunities, so timing is key!
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Plan for Entry (Buy Zone):
Buy Zone: $1.0350–$1.0450
Watch for price stabilization or bullish signs in this area before entering.
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Targets:
Target 1: $1.0600
Target 2: $1.0800
Target 3: $1.1000 (if the recovery gains strength).
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Stop-Loss:
Set Stop-Loss: $1.0300
Keep your risk low if the price continues to drop.
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Key Indicators to Watch:
1. Volume Spike: A rise in trading volume near $1.04736 could signal buyers stepping in.
2. Support Levels: If $1.0350 holds strong, it may act as a launch pad for recovery.
3. Resistance Levels: Watch for selling pressure near $1.0600 or $1.0800.
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Next Steps:
If the price breaks below $1.0350 with heavy volume, expect further downside and stay cautious.
On the flip side, if $1.04736 becomes a reclaim zone, prepare for a rebound rally.
Stay vigilant, follow your strategy, and trade with confidence! 🚀
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