$USUAL Short Liquidation: Breaking Point at $0.95955
$1,614 worth of $USUAL shorts have been liquidated at the pivotal price of $0.95955, signaling a surge in bullish momentum and intensifying the battle between buyers and sellers.
Key Details:
1. Liquidation Level: The $0.95955 mark reflects increasing upward pressure, forcing shorts to exit their positions.
2. Market Context: This liquidation underscores a potential breakout scenario, with volatility likely to spike in the near term.
Next Move:
Bullish Outlook: A push above $0.965 could spark a rally toward the psychological $1.00 level, where heavy resistance is expected.
Bearish Outlook: A rejection at these levels might lead to a pullback toward $0.940 as the market recalibrates.
Stop Loss Guidance:
For Long Positions: Set your stop loss just below $0.950 to safeguard against sudden reversals.
For Short Positions: Place a stop loss above $0.970 to protect against continued upward momentum.
The stage is set for $USUAL to make its next decisive move.
Traders, stay sharp and ready for rapid changes in this high-stakes environment.