USELESS keeps sliding, this setup is not a guess

๐Ÿ”ด SHORT $USELESS /USDT: expecting price to go DOWN
Bias: SHORT ยท Strong

Entry: 0.1560831 โ€“ 0.1572569
TP1: 0.1485912 (-5.2%)
TP2: 0.1432054 (-8.6%)
TP3: 0.1351266 (-13.8%)
SL: 0.1674417 (+6.9%)
Plan: enter only inside the zone, take half at TP1, then move the stop to entry.

Why SHORT? 7/12 signals agree, 1 against.
โ€ข 4h trend down (below EMA50 & EMA200)
โ€ข 1h trend down (below EMA50 & EMA200)
โ€ข Sellers are driving the move (15m ADX 35.5)
Risk: Far below its average, bounce likely (โˆ’3.2 ATR from 1h EMA50)

USELESS in 3 points:
1/3 the 4h trend is down, price is below both EMAs in a bearish stack
2/3 the 1h RSI is at 29.4, meaning sellers have strong momentum right now
3/3 the daily trend is range-bound, so this short could get caught in a chop

What level would make you side with the longs?

Chart with every level below.

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โš ๏ธ Personal market analysis only. NFA โ€” manage risk and DYOR.
Educational content, not investment advice or a recommendation to buy, sell, deposit, or withdraw any asset. No paid promotion or referral/affiliate links.