USELESS is primed for a sharp downturn, with momentum building against it. The window for short entry is narrowing by the minute.
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š“ USELESS SHORT š
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š Entry Range: $0.086104 ā $0.086276
š Stop Loss: $0.088776 (-3.0%)
šÆ TP1: $0.084897 (+1.5%)
š TP2: $0.081880 (+5.0%)
ā” R/R Ratio: 1:1.7
š Confidence: 81%
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This setup is all about the confluence of key signals - we've got a clear market structure break on the CHoCH, volume confirming the direction via CVD, and a defined order block that's overlapping with the FVG, creating a high-probability short opportunity. The structure looks ripe for a reversal, with all these factors aligning to suggest a move downward is imminent. The POI confluence just adds to the conviction here.
With a 3.0% stop loss, which feels relatively wide given the volatility, this trade should be manageable with 2-3x leverage to maximize the potential return without overexposing the position.
Taking partial profits at the first target makes sense, to lock in some gains and ride the remainder with a tighter stop, letting the momentum of the move work in our favor.
Not financial advice ā always manage your own risk š
#USELESSUSDT $USELESS #SMC #Write2Earn #Binance