$USUAL
Analysis:
1. Short-Term Trend:
Bearish: The -9.66% decrease reflects a downtrend, with strong resistance near $1.1428 (MA60).
2. Support and Resistance:
Support: At $1.1155 (24h low).
Resistance: At $1.1428 (MA60) and $1.2727 (24h high).
3. Trading Strategy:
For Traders:
Wait for price stabilization near $1.1155 before entering long positions.
A breakout above $1.1428 (MA60) could signal recovery and further upside potential.
Risk Management: Use stop-loss orders below $1.1155 to minimize risk in case of further decline.
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