$USUAL /USDT: Steep Decline with Oversold Conditions
$USUAL is trading at $0.7635, down -17.77%, with a 24-hour high of $0.9562 and a low of $0.7627. The RSI at 10.18 is in extreme oversold territory, suggesting a potential short-term rebound. However, the MACD remains firmly bearish, indicating continued selling pressure.
Key Levels to Watch:
Resistance: $0.7800 – A breakout above this level could lead to $0.8200 and $0.8500.
Support: $0.7600 – A breakdown below this level may extend losses to $0.7200 and $0.7000.
Trade Setup:
Long Entry: Above $0.7700, targeting $0.8000 and $0.8300.
Short Entry: Below $0.7600, targeting $0.7200 and $0.7000.
Stop-Loss: $0.7500 for longs or $0.7700 for shorts.
Market Insight:
USUAL is experiencing a sharp sell-off, but oversold RSI levels suggest a possible relief rally. Traders should watch for volume spikes or price action around $0.7600 to gauge further movement. A confirmed breakdown could accelerate the bearish trend.