When volatility and calm appear at the same time, $USELESS becomes easier to read—the chart is telling us the bias is to the downside. On the 1-hour chart, price is capped by the EMA50 and EMA200, with the moving averages in a bearish alignment, indicating a short-term downtrend. The 15-minute ADX is at 32.6, showing sellers are in control, while the 4-hour RSI is only 27.7, with momentum also favoring the bears.
One thing to keep in mind: price has moved quite far from the 1-hour EMA50, so after becoming oversold, it could bounce at any moment. Keep position sizes light and don’t chase. A bounce isn’t a reversal; until the structure improves, the bearish outlook remains unchanged.
🔴 Trade direction: Short
📍 Entry range: 0.1768636 – 0.1778640
🛑 Stop loss: 0.1928940
🎯 Take profit 1: 0.1657161
🎯 Take profit 2: 0.1579510
🎯 Take profit 3: 0.1463033
Still waters run deep, concealing far-reaching wisdom; through the market’s ups and downs, stay composed.
Stand with Sister Fei and navigate the tides of wealth.
#USELESS
Click below to trade 👇
One thing to keep in mind: price has moved quite far from the 1-hour EMA50, so after becoming oversold, it could bounce at any moment. Keep position sizes light and don’t chase. A bounce isn’t a reversal; until the structure improves, the bearish outlook remains unchanged.
🔴 Trade direction: Short
📍 Entry range: 0.1768636 – 0.1778640
🛑 Stop loss: 0.1928940
🎯 Take profit 1: 0.1657161
🎯 Take profit 2: 0.1579510
🎯 Take profit 3: 0.1463033
Still waters run deep, concealing far-reaching wisdom; through the market’s ups and downs, stay composed.
Stand with Sister Fei and navigate the tides of wealth.
#USELESS
Click below to trade 👇