$USUAL Long Liquidation Alert!
Liquidation Amount: $6,709.70
Key Price Level: $1.35304
A sharp usual long liquidation has rocked the market, wiping out overleveraged positions and testing the resilience of the $1.35304 support zone.
This could be a make-or-break moment for $USUAL price action!
Key Details:
1. Bearish Breakdown: The liquidation suggests heavy selling pressure, with bulls unable to defend $1.35304, potentially opening the door to further downside.
2. Support Under Threat: A break below this level could lead to a drop toward $1.34, where stronger buyer interest might emerge.
3. Volatility Spike: Liquidation events often increase market turbulence, creating both opportunities and risks for traders.
Next Moves:
For Bulls: Look for a recovery signal around $1.34-$1.35.
Enter cautiously if buying volume picks up and momentum strengthens.
For Bears: Capitalize on the bearish momentum.
Consider short opportunities below $1.35304, targeting $1.34 with tight risk management.
For Neutral Observers: Watch for consolidation or a volume breakout.
RSI nearing oversold conditions could hint at a reversal, while sustained weakness may signal further declines.
The $USUAL market is in a pivotal phase—stay sharp and ready for action!