$USUAL 🐻
$USUAL hit with 4.5x sell volume spike, is this over or just starting?
- After such a dramatic spike in volume and price drop, I expect continued bearish pressure, with smart money likely distributing into the bounces.
- I expect the price to attempt a short-term relief bounce up to the 0.00872–0.00900 area, but unless there is a strong bullish reversal signal, this will likely be sold into.
- My bias is to look for short entries on a weak bounce or failed retest of 0.00872–0.00900, targeting 0.00841 as the first take profit and then 0.00800 if the selling accelerates.
- Confirmation to watch for: bearish engulfing candles or pin bars on the 5m/15m near resistance, persistent high sell volume, or a lower high structure forming.
- I would place the stop-loss at the swing high of the bounce (above 0.00900 or above the wick that rejects the level). Only if price reclaims and closes solidly above 0.00921 and holds there would my bias flip to bullish, and I’d expect a move toward 0.00947 and 0.00960.
- This is a classic spot to watch for further distribution by smart money; don’t get trapped in a dead cat bounce unless you see clear reversal confirmation!
📝 This is not investment advice, but an educational analysis to help you understand the current order flow and price action dynamics on USUALUSDT. Trade safe and always wait for confirmation before entering!
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