#USUAL had another dip, why? Well, several factors come into play.

First; increased supply: USUAL's supply is gradually increasing, so new tokens are added to the pool, more tokens increase supply, so of course the price dips.

Second, massive liquidation: In the last 4 hours, more than 1,000,000 USD in long positions were liquidated, which means +1,000,000 USD sell orders were sent to the book.

What happens now? It's hard to know what will happen, but we have some clues. More than 50% of investors were long, suggesting interest and a bullish outlook. However, $1 is a strong psychological support, the next could be $0.994. Even if the price fell to $0.994, the total liquidation of long positions would be about 900,000,000 USD, representing a 12% decline, on the other hand, with a rise of 12%, +3,000,000 USD would be liquidated in short positions.

I think it is hard to go below $1, but be careful where you buy it. The best thing you could do is to buy in minimum and never sell in losses. Anyway, you're the only responsible one.

Stay tuned. DYOR.

In the last 30 minutes +100,000 USD in short positions were liquidated, unleashing a +5% rise. Negative basis and founding rate suggest a bad scenario for short traders, instead long positions increase.

Stay tuned. DYOR.

#USUAL

Well, I USUALly don't post anything, but I thought this would be a great opportunity. #USUAL recently had a sharp pullback, but, don't worry. In the last 4 hours +420,000 USD were liquidated, each time a future order is liquidated, a contrary order is sent to the transaction book, in this case so many sell orders were sent to the transaction book, so the price dropped further. Just in the last hour +200,000 USD were liquidated, this is the reason why the price dropped.

But don't worry, there are no more long orders that could be liquidated, so it is likely to rebound in 4 hours Bollinger MA.

Stay tuned. DYOR.

#USUAL