It’s clear who’s holding the long or short side after this line gets settled.
$USELESS 24 hours of continuous dumping, down 13 points—from 0.309 steadily sliding all the way to 0.255, with a low touch at 0.25003. This kind of drop isn’t a panic sell—panic selling would come with volume and long lower wicks. This is instead “fight while retreating”; someone is distributing stock at a steady pace. Trading value is over 67 million, with a volume of 247 million. On the decliners’ leaderboard, the volume isn’t at an extreme level, which suggests the incoming buy-side support is still there—but the bulls no longer want to force hard resistance at this level.
What are both sides thinking? The bulls know clearly: 0.250 is the low area of this round’s launch. A breakdown is what would truly be a problem. That’s why there are plenty of people posting defensive orders here—but whether they’re willing to push upward is another matter. The bears are smarter: they don’t break through immediately; they slowly grind, grinding until your stop-loss is hanging in front and you can’t help but move it.
#USELESS
$USELESS 24 hours of continuous dumping, down 13 points—from 0.309 steadily sliding all the way to 0.255, with a low touch at 0.25003. This kind of drop isn’t a panic sell—panic selling would come with volume and long lower wicks. This is instead “fight while retreating”; someone is distributing stock at a steady pace. Trading value is over 67 million, with a volume of 247 million. On the decliners’ leaderboard, the volume isn’t at an extreme level, which suggests the incoming buy-side support is still there—but the bulls no longer want to force hard resistance at this level.
What are both sides thinking? The bulls know clearly: 0.250 is the low area of this round’s launch. A breakdown is what would truly be a problem. That’s why there are plenty of people posting defensive orders here—but whether they’re willing to push upward is another matter. The bears are smarter: they don’t break through immediately; they slowly grind, grinding until your stop-loss is hanging in front and you can’t help but move it.
#USELESS