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Recently, while monitoring the market, I noticed some noteworthy technical signals for USUAL. Both the 4-hour and 15-minute charts have formed a golden cross pattern, and the moving average system shows a long positions arrangement. From a purely technical perspective, the short-term trend is indeed intriguing. The current price is hovering around 0.03, and to be honest, this position is quite delicate.
Looking at the order book data, the buying power is clearly stronger than the selling side, with an order depth ratio reaching 1.37, and the long-short position ratio close to 2:1. More interestingly, the funding rate remains in negative territory, which means the cost of capital for long positions is relatively low. From on-chain data and the distribution of positions on the exchange, there is a clear increase in holdings by large addresses, indicating a bullish market sentiment.
If you want to participate, you might consider placing long positions at the current location, setting a take-profit target of around 4.5%. That being said, you all understand the volatility of the crypto market; be sure to prepare for stop-losses and don't over-leverage your positions. Technical signals are just one reference dimension; the market can change at any time, so it's most important to stay rational and flexible.