Two scenarios I see for $USELESS
from here:
1. Straight to ATH.
We squeeze higher, leave the crowd behind and give everyone waiting for the perfect entry absolutely nothing.
2. One last brutal liquidation wick.
People are already getting greedy again, so I wouldn’t underestimate a flush toward $0.15. USELESS has a history of throwing absolutely disgusting wicks when leverage gets crowded.
A move into $0.15, wiping late longs, reclaiming the level and closing back above would actually complete the structure beautifully before the next expansion.
My bigger target hasn’t changed: $1–$3 remains the macro objective.
The only question for me is:
ATH first, or the liquidation wick first AND THEN ATH
For the USELESS setup
Define the $0.15 reclaim signal
Compare ATH-first vs wick-first
from here:
1. Straight to ATH.
We squeeze higher, leave the crowd behind and give everyone waiting for the perfect entry absolutely nothing.
2. One last brutal liquidation wick.
People are already getting greedy again, so I wouldn’t underestimate a flush toward $0.15. USELESS has a history of throwing absolutely disgusting wicks when leverage gets crowded.
A move into $0.15, wiping late longs, reclaiming the level and closing back above would actually complete the structure beautifully before the next expansion.
My bigger target hasn’t changed: $1–$3 remains the macro objective.
The only question for me is:
ATH first, or the liquidation wick first AND THEN ATH
For the USELESS setup
Define the $0.15 reclaim signal
Compare ATH-first vs wick-first
