I’m posting out of frustration with $USUAL, a project that led to significant losses after an initial surge in excitement. My stop loss failed, and my hope for a rebound was misplaced. Upon investigating, I discovered evidence of manipulation:
1. Buy and Sell Walls: Large buy and sell orders created artificial support and resistance, frequently shifting to control price direction.
2. Order Shifts: Disproportionate buy and sell orders moved to generate false signals, manipulating prices. For example, sell orders would appear to stop upward momentum, only to disappear after a drop.
3. Volume Manipulation: Suspected wash trading inflated volume, misleading traders into perceiving high activity and interest.
4. Support Breaches: Key support levels broke without reason, triggering stop-loss orders and panic selling among smaller traders, followed by quick rebounds indicating manipulation.
5. RSI Traps: Extreme overbought and oversold RSI levels quickly reversed, trapping traders in adverse positions.
6. Unjustified Price Swings: Drastic swings without fundamental reasons, such as a drop from $0.57 to $0.39, suggest deliberate sentiment manipulation for profit.
This project appears to exploit smaller traders through deceptive tactics, with price direction controlled by a few players. If you trade $USUAL, be extremely cautious. Analyze the order book thoroughly, use wider stop losses, and watch for false volume signals. This experience has been a tough lesson in the ruthlessness of the crypto market.
