$USELESS Recently I've been holding USELESS—sometimes I'm in profit, sometimes at a loss. Let’s briefly talk about the current market.
After yesterday’s low at 0.213 stabilized, a repair rally began. Now it’s consolidating around 0.24 with a modest upward trend. The moving averages are slowly turning upward, and volume is steady and moderate.
From the liquidation data, the main support below is 0.229–0.225. There isn’t much liquidation-related sell pressure to the downside, and the momentum of the shorts is not particularly strong.
Recently, many KOLs have started coming out to call trades again. Community attention has gradually returned, but it hasn’t reached a manic or overheated stage yet.
Now, looking at the liquidation heatmap data:
That means if there’s a slight pullback in the short term, 0.229 is the first support line where many long positions are clustered. Below that is the second support at 0.225.
Right now, the liquidation “chips” below aren’t especially heavy, which suggests that during a downturn there won’t be large-scale cascading liquidations that would aggressively dump the market. The shorts don’t have much downwards impulse.
⚠️ One reminder: trade calls are just “hype,” not a buy signal!
In the short term, resistance to watch is 0.243. Only after it holds can there be room for further upside. If support at 0.225 is defended, things can stabilize; but if it breaks, be careful—weakness could return again.
What we’re seeing now is just rebound/repair, not the main upswing. Don’t chase. Control your position size carefully. There are many opportunities in the market, and protecting your principal comes first—always.
I’m holding longs, so I hope it goes up 😂
After yesterday’s low at 0.213 stabilized, a repair rally began. Now it’s consolidating around 0.24 with a modest upward trend. The moving averages are slowly turning upward, and volume is steady and moderate.
From the liquidation data, the main support below is 0.229–0.225. There isn’t much liquidation-related sell pressure to the downside, and the momentum of the shorts is not particularly strong.
Recently, many KOLs have started coming out to call trades again. Community attention has gradually returned, but it hasn’t reached a manic or overheated stage yet.
Now, looking at the liquidation heatmap data:
That means if there’s a slight pullback in the short term, 0.229 is the first support line where many long positions are clustered. Below that is the second support at 0.225.
Right now, the liquidation “chips” below aren’t especially heavy, which suggests that during a downturn there won’t be large-scale cascading liquidations that would aggressively dump the market. The shorts don’t have much downwards impulse.
⚠️ One reminder: trade calls are just “hype,” not a buy signal!
In the short term, resistance to watch is 0.243. Only after it holds can there be room for further upside. If support at 0.225 is defended, things can stabilize; but if it breaks, be careful—weakness could return again.
What we’re seeing now is just rebound/repair, not the main upswing. Don’t chase. Control your position size carefully. There are many opportunities in the market, and protecting your principal comes first—always.
I’m holding longs, so I hope it goes up 😂
