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$USELESS SHORT SETUP: THE BEARISH ENERGY IS BUILDING UNDERNEATH! ๐
Entry: 0.05646 โก
Target: 0.05193 ๐
Stop Loss: 0.05948 โ ๏ธ
๐ The 30M timeframe is flashing textbook distributionโprice is printing lower highs with volume drying up on each push upward. Meanwhile, on the 4H,
$USELESS has been trading below its EMA50 since the last sweep, and that line now acts as dynamic resistance. ๐ก This is a pattern I've seen dozens of times before: a liquidity grab into supply, followed by a hard rejection into new lows.
๐ก๏ธ The risk-to-reward is clean at 1:3, and the macro structure supports a continuation swing. I'm watching the first target closely; once it hits, I'll move my stop to breakeven and let the rest ride. ๐ฌ Do you see this breaking down further, or is there a bounce trap waiting for shorts? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ
#USELESS #ShortSetup #Bearish #Crypto #TechnicalAnalysis ๐ด ๐