USUAL/USDT analysis

Key information:

Last price: 1.1440 USDT (down 8.27%)

24h high: 1.4700 USDT

24h low: 1.1177 USDT

24h volume: 819.27 million (USUAL) or 1.06 billion (USDT)

Chart notes (1D timeframe):

1. Recent movement:

The asset had a significant upward movement, rising from ~0.7784 to a peak at ~1.6500, followed by a quick correction.

The current drop to 1.1440 indicates a correction after a possible euphoria in the market.

2. Volatility:

The increase in volume is notable, with the market showing great interest in the last few days.

The current candlestick shows selling pressure after the spike, indicating that buyers have lost momentum.

3. Missing indicators:

MACD and RSI are not shown on the chart, making it difficult to analyze momentum and overbought/oversold conditions.

Support and resistance:

Immediate resistance: ~1.4700 (recent high).

Immediate support: ~1.1177 (24h low) and ~0.7784 (previous significant low).

Possible strategies:

1. If you are looking for an entry:

Consider waiting to see if the support at ~1.1177 is tested and held.

Confirm a volume increase and bullish reversal before entering.

2. If you are already positioned:

If you bought near the top (~1.4700), consider adjusting your stop-loss to avoid larger losses.

If you are long at lower levels, monitor whether the support at ~1.1177 holds.