$USUAL /USDT: Oversold Conditions Near Critical Support – Opportunity for a Reversal? #USUAL is currently trading at $0.8321 down by -15.46% after testing its 24-hour high of $0.9858 and reaching a low of $0.8251. The RSI is at an extreme low of 9.39, signaling highly oversold conditions with a possible bounce in sight.
Key Levels to Watch:
Resistance: $0.8500 – A breakout could lead to a recovery toward $0.8800 and $0.9000.
Support: $0.8250 – A breakdown may drive the price further down to $0.8000 or lower.
Trade Setup:
Long Entry: Above $0.8400, targeting $0.8800 and $0.9000.
Short Entry: Below $0.8250, targeting $0.8000 and $0.7800.
Stop-Loss: Set at $0.8600 for longs or $0.8150 for shorts.
Market Insight:
With significant selling pressure and a steep RSI drop, the pair may experience a short-term rebound from the oversold region. However, continued volume spikes suggest further downside risk if support breaks. Monitor price action closely at key levels before entering trades.