#USUAL Market shake:
$USUAL Long Liquidation Alert.
The market just witnessed a significant long liquidation of $7,008.4 at a critical price level of $0.3916
What happened?
A long liquidation occurs when traders holding long positions are forced to exit due to price drops, causing a cascade of sell orders. This liquidation at $0.39061 signals intense bearish pressure, eliminating bullish bets on the upward movement of $USUAL.
What does this mean to you?
This event indicates:
High volatility:
$USUAL may experience large price swings in the short term.
Bearish Sentiment: The break below $0.39061