A 57% surge in price, yet 58% of people are still short.
The name “USELESS” is anything but “useless” today. In the past 24 hours, it’s climbed by nearly 60%. Trading volume has surged to $386 million, but what’s interesting is this: the long/short ratio shows that 58% of positions remain short.
The hourly chart has seen three consecutive green candles, and the price is stabilizing around 0.192. In this setup, shorts either cut losses and exit, or they get squeezed further.
Historically, this kind of structure—“prices rising but shorts are crowded”—often means the move isn’t over yet.
Of course, the coin is named USELESS, so big volatility is to be expected. The key is whether the previous high at 0.206 can be broken.
$USELESS #空头挤压 #58% shorting ratio
Click the small card below to quickly check the market👇
The name “USELESS” is anything but “useless” today. In the past 24 hours, it’s climbed by nearly 60%. Trading volume has surged to $386 million, but what’s interesting is this: the long/short ratio shows that 58% of positions remain short.
The hourly chart has seen three consecutive green candles, and the price is stabilizing around 0.192. In this setup, shorts either cut losses and exit, or they get squeezed further.
Historically, this kind of structure—“prices rising but shorts are crowded”—often means the move isn’t over yet.
Of course, the coin is named USELESS, so big volatility is to be expected. The key is whether the previous high at 0.206 can be broken.
$USELESS #空头挤压 #58% shorting ratio
Click the small card below to quickly check the market👇
