The market’s been moving fast, and $USUAL/USDT is no exception! Here’s a detailed technical analysis across the 15-minute, 1-hour, and 4-hour charts to guide your trading decisions today. Let’s dive in!

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15-Minute Chart: Short-Term Bearish Pressure 🔻

Price Action:

The price has been on a downward trend, hitting a low of 1.1160 before showing signs of a minor recovery.

Indicators:

Bollinger Bands: Price is hugging the lower band, signaling bearish momentum and possible oversold conditions.

RSI: At 39, nearing oversold levels, hinting at a potential minor bounce.

MACD: Bearish with red bars, showing downward momentum but starting to lose steam.

Volume:

High selling volume is still evident, showing strong bearish pressure.

Verdict:

We could see a short-term pullback or consolidation. Wait for clearer signs of a reversal before jumping in.

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1-Hour Chart: Oversold & Potential Reversal? ⚠️

Price Action:

The bearish trend continues, with price breaking below key levels, but the last candle indicates a small recovery attempt.

Indicators:

Bollinger Bands: Price broke below the lower band, but it’s attempting to re-enter, indicating oversold conditions.

RSI: At 25, firmly in oversold territory, suggesting a potential short-term bounce.

MACD: Strongly bearish, but the histogram is showing decreasing momentum—early signs of reversal.

Volume:

Sell-off volume is still dominant, but there are signs of buying pressure starting to build.

Verdict:

The momentum is slowing down, but it’s not the time to buy just yet. Watch for a break above 1.20 with confirmation, which would signal a potential recovery.

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4-Hour Chart: Broader Bearish Trend 🐻

Price Action:

The broader trend is still bearish, with a clear downtrend from 1.65 to current levels.

Indicators:

Bollinger Bands: Price is near the lower band, in line with oversold conditions.

RSI: At 34, approaching oversold, but not as extreme as the 1-hour chart—there’s room for more downside.

MACD: Still bearish, with no clear divergence signaling a reversal yet.

Volume:

Selling pressure remains steady, with no signs of a sharp reversal.

Verdict:

The larger trend is still bearish. Until we see a higher high or solid support around 1.10, stay cautious.

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Overall Strategy: What’s Next? 🧐

For Short-Term Traders: The 15-minute and 1-hour charts suggest oversold conditions, but the 4-hour chart points to continued bearish pressure. Consider scalping off support around 1.11 but use tight stops.

For Swing Traders: Wait for a confirmed reversal or a breakout above 1.20 for a safer entry.

Remember: In this volatile market, patience is key. Stay smart, manage your risk, and let the market reveal its next move! 🚀

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