$USUAL Price Analysis: Testing Crucial Support Levels

Current Price: $1.1927 (-3.42%)

$USUAL has dropped from a high of $1.6521 to a low of $1.1550, indicating a bearish trend. It is now trading at $1.1927, testing key support levels.

Key Levels to Watch:

Support: $1.1500 (a break below this could lead to further declines toward $1.1000).

Resistance: $1.3124 (a push above this level could indicate a potential recovery).

Trade Strategy:

Entry Point: Consider entering around $1.1944 for speculative short-term trades.

Targets:

1. $1.3124 (immediate resistance).

2. $1.4900 (major resistance zone).

Risk Management:

Stop-loss: Set at $1.1400 to manage potential losses.

Market Insight:

Given the significant bearish pressure, $USUAL needs strong volume support near $1.1500 to avoid further declines. Traders should wait for confirmation of a reversal before taking more aggressive positions.

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