Market Analysis Report: $USUAL

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Current Price Action:

The USUAL/USDT pair is trading at $1.0980, showing a significant decline of 14.36% in the last 24 hours. The market structure is consolidating near the $1.09 support level after a sharp correction from the recent high at $1.2969.

Key Levels to Watch:

• Long Entry: Consider entering a long position if the price breaks above $1.15, confirming a trend reversal towards the $1.20 resistance level.

• Short Entry: A short position is viable if the price breaks the critical support level at $1.05, targeting a potential decline to $0.95.

Market Outlook:

The next move will depend on whether the bulls can reclaim the $1.15 area. A break above this level could signal renewed bullish momentum, targeting $1.25 as the next major resistance. Conversely, failure to hold above $1.05 could invite further selling pressure, pushing the price to test deeper support near $0.90.

Recommendation:

• Short-term traders: Watch for a decisive break of key levels and manage risk with stop-loss limits.

• Long-term investors: Accumulation near $1.05–$0.95 could provide a favorable risk-reward entry point.

Stay alert for high volatility as the price approaches critical areas