Trading Plan Short $USELESS
$USELESS broke the 1H lower Bollinger Band after a sharp rejection from the 0.077 area.
Entry: $0.06882-$0.07082
Stoploss: $0.07650
Targets: $0.06650 / $0.06000 / $0.05200
USELESS is showing a strong bearish expansion, with the 1H BB width increasing by 167% as price broke below the lower band. Despite the RSI being oversold, sellers are aggressive, indicated by the 0.97 taker buy/sell ratio and the contracting basis. The 4H trend is bearish, aligning with this downside pressure. Top traders are 1.44 long, suggesting a potential squeeze if the dump continues. Reclaim $0.07650, short voided.
Trade $USELESS here 👇
$USELESS broke the 1H lower Bollinger Band after a sharp rejection from the 0.077 area.
Entry: $0.06882-$0.07082
Stoploss: $0.07650
Targets: $0.06650 / $0.06000 / $0.05200
USELESS is showing a strong bearish expansion, with the 1H BB width increasing by 167% as price broke below the lower band. Despite the RSI being oversold, sellers are aggressive, indicated by the 0.97 taker buy/sell ratio and the contracting basis. The 4H trend is bearish, aligning with this downside pressure. Top traders are 1.44 long, suggesting a potential squeeze if the dump continues. Reclaim $0.07650, short voided.
Trade $USELESS here 👇