🚀
$USELESS is showing a potential technical setup!
This 1D chart displays a sharp correction following a recent local top near the 0.34400 resistance zone, currently testing downside extension paths.
📈 The Technical Setup:
• The Pattern: Descending retracement from local high
• Short-term Target: 0.19280
• Macro Objective: 0.08242
• Market Structure: Correction / Pullback
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.19280 - 0.20000
• Resistance: 0.28000 - 0.29153
• Breakout Level: 0.28740
• Stop Loss / Invalidation: 0.34489
📊 Confirmation:
• Volume: Neutral/standard volume
• Momentum: Bearish impulse candles following local top rejection
• Trend: Short-term pullback
⚠️ Invalidation:
A daily candle close above the recent local swing high of 0.34489 invalidates the correction setup.
Monitor key Fibonacci retracement levels for potential reaction zones as the correction unfolds.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
#useless #crypto #BinanceSquare #Binance #NOUMAN_DON