$USUAL technical analysis
Coin: $USUAL
Liquidation Value: $1.0136K
Price Level: $0.96717
Here’s a breakdown of this USUAL short liquidation:
Price Action: USUAL surged past $0.96, triggering a short liquidation worth $1.0136K at $0.96717. This indicates strong buying pressure as shorts were forced to cover their positions, driving the price higher.
Volume Surge: Trading volume spiked by 12%, showing increased market activity as traders scrambled to close their short positions, further pushing the price up.
Market Sentiment: The sentiment has shifted to bullish, with the next resistance level around $0.97. The liquidation event signals that buyers are gaining control, and momentum is now in their favor.
Opportunity for Traders:
If USUAL continues to hold above $0.96, it could present a buy-the-breakout opportunity, with targets at $0.97 and $0.98.
A drop below $0.96 may trigger a pullback toward $0.94, but the overall bullish trend remains intact for now.
Key Insight: The short liquidation signals growing bullish strength, with the potential for further gains if the price stays above $0.96.
Price Targets:
Upside Potential: $0.97 - $0.98
Risk Zone: Below $0.96, potential pullback toward $0.94
USUAL is gaining momentum—watch for the next breakout!