USELESS is already breaking lower on the 4h trend stack

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

Entry: 0.1564569 – 0.1575031
TP1: 0.1491629 (-5.0%)
TP2: 0.1439516 (-8.3%)
TP3: 0.1361345 (-13.3%)
SL: 0.1674028 (+6.6%)
Plan: enter only inside the zone, close 50% at TP1, 25% at TP2, 25% at TP3, and move the stop to entry after TP1.

Why SHORT? 6/12 signals agree, 0 against.
• 4h trend down (below EMA50 & EMA200)
• 1h trend down (below EMA50 & EMA200)
• Sellers are driving the move (15m ADX 20.1)

USELESS in 3 points:
1/3 the 4h trend is bearish with price below both EMAs in a stacked downtrend
2/3 the 1h trend is bearish with price below both EMAs in a stacked downtrend
3/3 the 4h RSI is 52.0, a neutral zone reading, so this idea would be wrong if the daily range flips upward

What level are you using to invalidate this short?

Chart with every level below.

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Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.