The MARSCOIN strategy I posted earlier has already locked in profits in the previous round. When abnormal movement occurs, you should actually stay calm and look at the structure. $USELESS is in exactly this kind of situation right now. Everyone may think it looks quite strong on the daily chart, but when we switch the timeframe to 1 hour and 15 minutes, you’ll find the price is already pressing against the upper edge of the range. The short-term RSI has dropped to around 27, and the momentum is clearly not keeping up.
In this kind of position, I generally don’t like chasing longs, because the resistance above hasn’t been effectively absorbed, and volume/energy hasn’t expanded either. It feels more like the bulls’ last breath. So I’m more inclined to go short following the short-term exhaustion, aiming to capture a retracement pullback.
It’s not saying the trend will definitely reverse, but at this point, the probability and the payout/risk ratio of moving downward are more comfortable. Of course, you still need to guard against a bounce—until the structure is broken, the short setup logic remains valid.
🔴 Trade Direction: Short
📍 Entry Range: 0.2593737 – 0.2641297
🛑 Stop Loss: 0.3314664
🎯 Take Profit 1: 0.2094657
🎯 Take Profit 2: 0.1746083
🎯 Take Profit 3: 0.1223222
In calm waters, deep foresight lies far away; through the rise and fall of the market, one stays composed.
Join Big Sis Fei and read the pulse of the surging tides of wealth.
#USELESS
Click below to trade 👇
In this kind of position, I generally don’t like chasing longs, because the resistance above hasn’t been effectively absorbed, and volume/energy hasn’t expanded either. It feels more like the bulls’ last breath. So I’m more inclined to go short following the short-term exhaustion, aiming to capture a retracement pullback.
It’s not saying the trend will definitely reverse, but at this point, the probability and the payout/risk ratio of moving downward are more comfortable. Of course, you still need to guard against a bounce—until the structure is broken, the short setup logic remains valid.
🔴 Trade Direction: Short
📍 Entry Range: 0.2593737 – 0.2641297
🛑 Stop Loss: 0.3314664
🎯 Take Profit 1: 0.2094657
🎯 Take Profit 2: 0.1746083
🎯 Take Profit 3: 0.1223222
In calm waters, deep foresight lies far away; through the rise and fall of the market, one stays composed.
Join Big Sis Fei and read the pulse of the surging tides of wealth.
#USELESS
Click below to trade 👇