šØ $USUAL Short Liquidation Alert!
A staggering $17.084K short liquidation has occurred at $0.70967, sending a clear signal of bullish strength! The market is heating up, and this could be the start of a breakout. Letās dive into the details and plan your next move!
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š Market Analysis
Price Momentum: Bulls forced shorts to cover, driving the price higher.
Support Zone: $0.700 - $0.710 is the key area for bulls to defend.
Resistance Zone: $0.730 - $0.750 is the next hurdle to clear.
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š® Whatās Next for $USUAL?
The short squeeze could lead to more upside if buying pressure continues, but resistance near $0.750 could trigger profit-taking. Hereās how to trade this setup:
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š„ Trading Strategy for $USUAL
š BUY ZONE:
Aggressive Entry: $0.705 - $0.710 (ride the momentum).
Safe Entry: $0.695 - $0.700 (closer to support for safer trades).
šÆ TARGETS:
1. Short-term: $0.730
2. Mid-term: $0.750
3. Long-term: $0.780
š”ļø STOP LOSS:
Place your stop loss at $0.685 to manage downside risk.
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ā” Key Indicators to Watch
Volume Spike: Rising volume is critical to sustain bullish momentum.
RSI: An RSI above 70 could indicate overbought conditions and a possible pullback.
Trendline Break: A break above $0.730 could confirm a strong bullish trend.
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Final Thoughts
If $USUAL can break above the $0.750 resistance, we could see an explosive move toward $0.780. However, failure to hold $0.700 might lead to a deeper pullback. Stay disciplined, stick to your trading plan, and always manage your risks!
š¬ Whatās your take on $USUAL? Will it break through $0.750, or is a pullback on the horizon? Letās discuss!
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