$USUAL Long Liquidated: $53.3K Wiped Out at $0.988 – Major Market Shock!
A huge $53.3K long position in $USUAL just got liquidated at $0.988, sending the market into turmoil!
This liquidation shows mounting selling pressure, and we may be on the cusp of a sharp pullback or even a deeper correction.
Traders should prepare for more volatility as the market tries to find its footing.
Key Details:
1. Liquidation Amount: $53.3K (long position)
2. Liquidation Price: $0.988
3. Market Sentiment: Bearish turn after liquidation, with potential downside risk looming.
Next Move Suggestions:
For Traders Holding Long Positions:
Tighten stop-losses to minimize risk, especially with the price hovering near critical levels.
Watch for support around $0.970–$0.980 for a possible bounce, but stay cautious of a deeper dip.
For Short Sellers:
Look for resistance at $1.00–$1.02 to enter fresh shorts if the price fails to break above these levels.
If $0.970–$0.980 holds as support and price rebounds, consider exiting shorts or setting tighter stops.
For Opportunists:
If $USUAL falls to $0.960–$0.970, keep an eye on it for a potential long entry on a bounce.
Watch the $1.00 zone closely for signs of rejection, signaling more downside to come.
This $53.3K liquidation at $0.988 could signal more volatility ahead.
The market is at a crucial juncture, and how it reacts in the next few hours will determine the next major move.
What’s your plan in this unpredictable market? Let’s get ready for the next move!