I am shorting USELESS after sellers pushed it far below its average.

🔴 SHORT $USELESS /USDT: expecting price to go DOWN
Bias: SHORT · Leaning

Entry: 0.2009771 – 0.2022629
TP1: 0.1922378 (-4.7%)
TP2: 0.1859829 (-7.8%)
TP3: 0.1766007 (-12.4%)
SL: 0.2141297 (+6.2%)
Plan: enter only inside the zone, take half at TP1, then move the stop to entry.
Note: moderate conviction only, keep size light.

Why SHORT? Leaning call, 5/12 signals agree, 1 against, 6 undecided.
• 1h trend: price < EMA50 < EMA200, bearish stack → the short-term trend is down
• Trend strength (ADX/DI, 15m): ADX 23.3 with sellers in control (DI+ 16.2 vs DI− 33.7) → sellers are driving the move
• 4h RSI: 34.7, bearish momentum (below 45) → sellers have the momentum
Risk: Distance from 1h EMA50: −3.8 ATR from the 1h EMA50, overextended with bounce risk → price fell far below its average, a bounce is likely

If it plays out:
If the short-term trend keeps working, the 1h price should reach the entry low again, as the 1h RSI shows sellers still have the momentum.

If it fails:
If USELESS bounces from its recent drop, the 1h price will need to reclaim the entry high, so I would exit and remove the stop.

Where would you place your stop if you were shorting at the entry high?

Full setup on the chart below.

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