I drew a precise trend line below the 1-day chart of USUAL, and I was very proud of it. Everything was going smoothly until yesterday, when USUAL unexpectedly dropped, dropping below the 0.95 level, which led to the liquidation of many long positions. The price is heavily manipulated by the big players in the market. On Friday, we saw a huge spike in the price before the market closed, which prompted small investors to enter, without realizing that it was a scam.
Tip for traders:
Avoid rushing into sudden price movements without a thorough study of the market, especially in currencies that show clear signs of manipulation by big players. If you are trading futures, make sure to carefully put in place risk management strategies, such as using stop-loss orders and determining position sizes based on your ability to withstand losses.
In the case of highly volatile currencies like USUAL, it is better to focus on spot trading or hold it for the long term if you believe in its future potential. Don't chase quick profits, the market is full of traps that aim to drain the liquidity of small traders. The most important thing is to be patient and build sustainable strategies to achieve long-term success.