$USUAL /USDT Analysis – Testing Key Support Amid Heavy Losses
Immediate Levels to Watch
Support
$0.7000: Immediate support; losing this level could accelerate the downtrend.
$0.6800: A critical support zone for potential rebounds.
Resistance
$0.7200: Immediate resistance; a break above could signal short-term recovery.
$0.7500: A significant level to confirm a potential bullish reversal.
Suggested Strategy
For Long Positions
Entry: Near $0.7000 with a stop-loss at $0.6800.
Targets: $0.7200 and $0.7500.
For Short Positions
Entry: Below $0.7000 targeting $0.6800, with a stop-loss at $0.7100.
Market Insights
USUAL is under significant selling pressure, with the RSI at 18 indicating oversold conditions. While this may suggest a possible short-term bounce, caution is advised as the broader trend remains bearish. Watch volume at key levels for directional confirmation.