$USUAL
USUAL/USDT (1-hour timeframe), here's the analysis:
Key Observations:
Price Action:
The price is currently at $0.6687, which is below both the MA7 ($0.7393) and MA25 ($0.7915), indicating a strong short-term bearish trend.The MA99 ($0.6573) is acting as a potential support level, and the price is testing this level.
Trend Analysis:
After a significant upward movement, the price has sharply retraced.
This suggests profit-taking or a possible reversal in the trend.The MA7 is sharply declining, showing strong selling pressure in the short term.
Volume:
The volume spike accompanying the recent price drop confirms strong selling activity.
Prediction for the Next 1 Hour:
If the MA99 ($0.6573) holds as support:The price may consolidate or attempt a recovery toward $0.70 (near MA7).
If the price breaks below the MA99, the next support level could be around $0.62–$0.65.
Suggestions:
If Trading Long (Buying):
Wait for confirmation of a rebound above $0.68 or MA7 ($0.7393) before entering.Place a stop-loss below the MA99 ($0.6573) to limit downside risk.
If Trading Short (Selling):
Look for a breakdown below $0.6573 and target $0.62 as the next support.Monitor for a potential volume decrease, as this could indicate selling exhaustion.
