$USUAL Based on the provided data, has seen long liquidations, which means traders who were expecting the price to go up were forced to exit their positions due to a drop in price. The key liquidation price mentioned is $1.26363. This can indicate potential downward momentum or the formation of a buying opportunity if support is found.
Here’s a step by step breakdown with a technical analysis approach.
Market Context Analysis.
1. Long Liquidation Insight.
Long liquidations at $1.26363 indicate bearish pressure.
Price might move lower to find strong support before reversing upward.
2. Psychological Reaction.
Traders who were liquidated might avoid re-entering quickly, adding short term downward pressure.
Smart buyers might be waiting for lower levels to enter at discounted prices.
Trading Plan.
Buy Zone.
$1.2000 - $1.2400. This range is likely a strong support zone where buyers could step in. Look for signs of reversal or bullish momentum here.
Target Levels.
First Target (T1): $1.3000
Second Target (T2): $1.3500
Extended Target (T3): $1.4000
These levels represent resistance zones where the price might face selling pressure.
Stop Loss.
$1.1800: Set a stop loss below the support zone to limit losses in case the price continues to fall.
Risk Reward Analysis.
Ensure the risk to reward ratio is at least 1:2 or better. For instance, risking $0.04 (from $1.2400 to $1.2000) could potentially yield $0.10 or more (from $1.2400 to $1.3500).
Tips for Monitoring the Trade.
1. Check Volume. Increasing volume near $1.2000 - $1.2400 could confirm buyer interest.
2. RSI/Indicators. Look for RSI below 30 (oversold condition) or a bullish crossover on MACD.
3. News/Updates. Stay updated with any announcements affecting $USUAL to adjust your strategy if needed.
Would you like a deeper explanation of any of these levels or concepts.
#USUAL #Crypto2025Trends #GrayscaleHorizenTrust #MarketRebound #BinanceLabsBacksUsual