$USELESS SHORT
The bounce looks strong at first glance, but the chart is still fighting a descending structure.
$USELESS is pressing into the $0.273–$0.274 resistance area after recovering from a sharp selloff. Unless buyers reclaim that zone decisively, the lower-high structure remains the key concern.
Entry: $0.270–$0.274
TP1: $0.265
TP2: $0.252
TP3: $0.237
SL: $0.292
The $0.274 level is the immediate battle. A clean rejection could bring sellers back quickly.
Would you short this resistance rejection?
The bounce looks strong at first glance, but the chart is still fighting a descending structure.
$USELESS is pressing into the $0.273–$0.274 resistance area after recovering from a sharp selloff. Unless buyers reclaim that zone decisively, the lower-high structure remains the key concern.
Entry: $0.270–$0.274
TP1: $0.265
TP2: $0.252
TP3: $0.237
SL: $0.292
The $0.274 level is the immediate battle. A clean rejection could bring sellers back quickly.
Would you short this resistance rejection?
