๐จ $USELESS Token Setup โ Is $USELESS Actually Useless? My Next Watchlist Token
$USELESS is back on my radar, and the data is getting interesting. The name may be funny, but the market structure isn't looking useless. ๐
Derivatives: Funding is -0.01153%, while L/S accounts are around 0.68 and top positions around 0.90. Shorts are crowded, creating squeeze risk. OI recently cooled from ~140M toward ~122M instead of continuously expanding.
Liquidation maps:
1D liquidity is stacked around $0.113-$0.117 below and $0.124-$0.130 above.
7D shows much larger downside liquidity around $0.094-$0.115, while upside liquidity builds around $0.127-$0.150. A downside sweep can therefore create a better long entry.
Flows: 24H futures flow is +$4.35M, 7D +$18.19M. Spot flow is also positive: 4H +$105K, 8H +$65.8K, 12H +$178.9K, 24H +$227.7K.
Whale transfers are mixed, with many exchange-to-exchange/internal movements. The notable 5.853M USELESS Fireblocks โ Gate Deposit could add supply, so I don't ignore that risk. Your broader on-chain exchange-flow data also shows strong net outflows recently, which is supportive but not proof of accumulation.
CVD is the strongest signal: it moved from roughly -$60M โ +$25.27M, confirming aggressive buying during the recovery.
My Configuration
Current: ~$0.121
Recommended Entry: $0.116-$0.110
Deeper Entry: $0.108-$0.102
TP1: $0.129
TP2: $0.135
TP3: $0.155
SL: $0.0935 on confirmed 1H weakness
Once price reaches the entry zone, wait for 30M confirmation + 2 consecutive 15M candles holding/reclaiming the zone.
๐ Spot holding for 2X? NO or less for now. I see a reasonable path toward $0.150-$0.155, but the current data does not justify calling a 2X or 80%+ upside setup yet.
โ My Take:
LONG > SHORT, but don't chase $0.121. I want the pullback, confirmation and then the move. If $0.129-$0.1355 breaks with strong volume and CVD keeps rising, the upside setup becomes much stronger.
$USELESS is back on my radar, and the data is getting interesting. The name may be funny, but the market structure isn't looking useless. ๐
Derivatives: Funding is -0.01153%, while L/S accounts are around 0.68 and top positions around 0.90. Shorts are crowded, creating squeeze risk. OI recently cooled from ~140M toward ~122M instead of continuously expanding.
Liquidation maps:
1D liquidity is stacked around $0.113-$0.117 below and $0.124-$0.130 above.
7D shows much larger downside liquidity around $0.094-$0.115, while upside liquidity builds around $0.127-$0.150. A downside sweep can therefore create a better long entry.
Flows: 24H futures flow is +$4.35M, 7D +$18.19M. Spot flow is also positive: 4H +$105K, 8H +$65.8K, 12H +$178.9K, 24H +$227.7K.
Whale transfers are mixed, with many exchange-to-exchange/internal movements. The notable 5.853M USELESS Fireblocks โ Gate Deposit could add supply, so I don't ignore that risk. Your broader on-chain exchange-flow data also shows strong net outflows recently, which is supportive but not proof of accumulation.
CVD is the strongest signal: it moved from roughly -$60M โ +$25.27M, confirming aggressive buying during the recovery.
My Configuration
Current: ~$0.121
Recommended Entry: $0.116-$0.110
Deeper Entry: $0.108-$0.102
TP1: $0.129
TP2: $0.135
TP3: $0.155
SL: $0.0935 on confirmed 1H weakness
Once price reaches the entry zone, wait for 30M confirmation + 2 consecutive 15M candles holding/reclaiming the zone.
๐ Spot holding for 2X? NO or less for now. I see a reasonable path toward $0.150-$0.155, but the current data does not justify calling a 2X or 80%+ upside setup yet.
โ My Take:
LONG > SHORT, but don't chase $0.121. I want the pullback, confirmation and then the move. If $0.129-$0.1355 breaks with strong volume and CVD keeps rising, the upside setup becomes much stronger.
