Massive Long Liquidation on $USUAL

Price Impact: A whopping $1,273.6 worth of long positions liquidated at the crucial level of $0.9089. Traders betting on upward movement were caught off guard as the price dipped sharply, triggering liquidations.

What Happened.

The liquidation occurred as the price fell below key support levels.

Bullish traders expecting a rally at this level faced unexpected sell pressure, likely due to increased volatility or larger sell orders.

Technical Insight:

Key Resistance: $1.00

Support Zone: $0.89 - $0.90

Current Price Movement: Testing the lower range of support high risk of further breakdown if $0.89 fails.

Thrill Factor: With this sharp move, bearish momentum may dominate in the short term, but savvy traders could eye the dip for potential recovery plays. Stay vigilant as volatility continues to shake the market!

Would you like further technical analysis, including potential buy zones, targets, and stop-loss strategies.

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