$USUAL Liquidated Long: $59.4K at $1.415
A $59.4K long position in $USUAL was liquidated at $1.415 after the price moved against the trade.
What started as a hopeful bullish entry quickly turned into a sharp reversal, resulting in the liquidation of the position.
Entry Point:
The long position was initiated at $1.415, expecting the price to continue upward after a recent rally.
Target:
Traders were targeting a move toward $1.45, anticipating further gains in the bullish trend.
Stop Loss:
The stop loss was placed at $1.40, but the market’s volatility hit this level, triggering the liquidation before the position could bounce back.