$USUAL /USDT Signs of a Recovery After a Sharp Decline #USUAL is currently trading at $0.6918, down 16.83% in the last 24 hours. After touching a low of $0.6706, buyers appear to be stepping in, leading to a slight recovery. The RSI is at 36, indicating oversold conditions but with room for further downside if key levels break.
Immediate Levels to Watch
Support
$0.6700: Immediate and critical support; losing this could lead to extended declines.
$0.6500: Next major support zone if bearish momentum persists.
Resistance
$0.7100: Immediate resistance; breaking this could signal a potential recovery.
$0.7400: A stronger resistance to confirm a trend reversal.
Suggested Strategy
For Long Positions
Entry: Near $0.6700 with a stop-loss at $0.6550.
Targets: $0.7100 and $0.7400.
For Short Positions
Entry: Below $0.6700 targeting $0.6500, with a stop-loss at $0.6800.
Market Insights
USUAL is attempting a recovery after heavy selling pressure. Traders should monitor volume closely at support and resistance levels, as these will confirm whether a reversal or continuation of the downtrend is likely. Oversold conditions may favor bulls for a short-term rebound.