This isn't a giveaway; it's the ignition talking. $USELESS is below the moving averages on both the 4-hour and 1-hour timeframes. The bearish alignment remains intact, and the rebound is simply giving sellers room to move. Looking at volume, each bounce has come on declining volume, indicating little appetite to chase prices higher. The structure still leans downward.
When BTC weakens, this asset tends to follow closely. The correlation is clear: if the broader market lacks strength, it's unlikely to rally on its own. I'm watching for signs of a stalled rebound after it reaches a key level—that's where bears may step in again. If the daily chart climbs back above the range, the outlook needs to be reconsidered; otherwise, the downward trend remains in place.
🔴 Trade direction: Short
📍 Entry range: 0.1617018 – 0.1623261
🛑 Stop loss: 0.1696121
🎯 Take profit 1: 0.1563153
🎯 Take profit 2: 0.1525162
🎯 Take profit 3: 0.1468175
Behold the vastness of mountains and seas; observe the market's subtle shifts.
Walk with Uncle Xiong and witness the gains and losses of the world.
#USELESS
Click below to trade 👇
When BTC weakens, this asset tends to follow closely. The correlation is clear: if the broader market lacks strength, it's unlikely to rally on its own. I'm watching for signs of a stalled rebound after it reaches a key level—that's where bears may step in again. If the daily chart climbs back above the range, the outlook needs to be reconsidered; otherwise, the downward trend remains in place.
🔴 Trade direction: Short
📍 Entry range: 0.1617018 – 0.1623261
🛑 Stop loss: 0.1696121
🎯 Take profit 1: 0.1563153
🎯 Take profit 2: 0.1525162
🎯 Take profit 3: 0.1468175
Behold the vastness of mountains and seas; observe the market's subtle shifts.
Walk with Uncle Xiong and witness the gains and losses of the world.
#USELESS
Click below to trade 👇