$USUAL is trading at $1.1785, showing an 11.00% drop in the last 24 hours. The price has sharply fallen from a high of $1.6521 to a low of $1.1748, indicating strong bearish sentiment.
Key Levels to Watch:
Support: $1.1200 – A drop below this could push $USUAL towards $1.0500.
Resistance: $1.2900 – Bulls need to reclaim this level to spark a recovery.
Trade Setup:
Entry Point: Around $1.1260 for cautious short-term trades.
Targets:
1. $1.2900 (short-term recovery)
2. $1.4800 (key resistance zone)
Risk Management:
Stop-loss: $1.1000 to limit losses.
Market Insight: The ongoing sell-off reflects dominant bearish pressure. A bounce around $1.1200 is possible, but wait for volume confirmation before entering any trades. Patience is essential in these volatile market conditions.