$USELESS is dropping on the 4-hour chart (-7.74%) despite an overall daily bullish trend.
Trade Plan (Short)
Entry: 0.1930557 – 0.1949843
Stop Loss: 0.2232689 (Invalidation line: 0.2304165)
Targets: TP1 at 0.1720833, TP2 at 0.1574589, TP3 at 0.1355222
Key Takeaways
Short-Term Momentum: The 4-hour chart favors a short position, and the 15-minute RSI (31.07) shows sellers are active but close to exhaustion, meaning a bounce could happen soon.
Risk Management: High volatility (1h ATR of 0.008124) makes strict position sizing essential.
The Debate: Will this short hit TP1, or will it fail by fighting the larger daily bullish trend?
Trade Plan (Short)
Entry: 0.1930557 – 0.1949843
Stop Loss: 0.2232689 (Invalidation line: 0.2304165)
Targets: TP1 at 0.1720833, TP2 at 0.1574589, TP3 at 0.1355222
Key Takeaways
Short-Term Momentum: The 4-hour chart favors a short position, and the 15-minute RSI (31.07) shows sellers are active but close to exhaustion, meaning a bounce could happen soon.
Risk Management: High volatility (1h ATR of 0.008124) makes strict position sizing essential.
The Debate: Will this short hit TP1, or will it fail by fighting the larger daily bullish trend?
