$USELESS 24h gained 12.626%, price 0.258 is almost at the 24h high 0.25837—yet in the past hour, the trading amount is only 0.89x the 24h average. This new high doesn’t have the volume to back it!
The 15-minute active buy/sell ratio is 1.6, and buyers are eating orders aggressively; position value is up 1.74%, with fresh positions coming in. Funding rate +0.005%, longs pay a small fee.
More adding and buyers leading suggests someone is chasing higher prices rather than shorts covering; but reduced volume is a hard drawback. If it can’t hold the 0.24911 level from one hour ago, those chasing will get trapped; only after standing above 0.25837 will there be the next leg.
#USELESS
The 15-minute active buy/sell ratio is 1.6, and buyers are eating orders aggressively; position value is up 1.74%, with fresh positions coming in. Funding rate +0.005%, longs pay a small fee.
More adding and buyers leading suggests someone is chasing higher prices rather than shorts covering; but reduced volume is a hard drawback. If it can’t hold the 0.24911 level from one hour ago, those chasing will get trapped; only after standing above 0.25837 will there be the next leg.
#USELESS
