The current price of $USUAL /USDT is $0.9087, showing a -14.95% decrease.
Market Insights:
Significant Decline: The sharp drop indicates a bearish trend, possibly due to market corrections or news-related volatility.
Support Level: Immediate support could be around $0.90, with the next level potentially near $0.85 if the decline continues.
Resistance Level: The nearest resistance is around $1.05. If the price regains upward momentum, this level will be crucial to break.
Trading Strategy:
Bearish Traders: If the price continues to fall below $0.90, consider shorting with targets near $0.85 or $0.80.
Bullish Traders: Watch for stabilization near $0.90 and a potential rebound. A break above $1.05 could signal a reversal or recovery.
Stop Loss: Set a stop loss just below $0.85 to protect against further downside if you're trading long.
Given the significant drop, stay cautious and monitor for any signs of reversal or further downward pressure.