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【$USELESS Signal】After a multi-head rally, consolidation at high levels, waiting for a pullback to add long positions
$USELESS 1H RSI 79.81, 4H MACD shows bullish expansion but 1H histogram narrows, buying pressure is gradually weakening. The price is consolidating around 0.0690, and the depth indicator of 1.28 shows slightly thicker sell orders, with short-term upward momentum slowing down.
🎯Direction: Long (place order and wait for a pullback)
⚡Entry/Order: 0.05621
🛑Stop loss: 0.05065
🚀Target 1: 0.06900
🚀Target 2: 0.06928
🛡️Trade management:
- Execution strategy: Place order at 0.05621, if filled and the price quickly rises to 0.06900, half the position is taken off, and stop loss is moved to the entry price. Exit if the price falls below 0.05065.
The current funding rate is 0.0112%, which is relatively high, but the 4H trend remains upward. Waiting for a pullback to the support area for a more favorable risk-reward entry. Be patient and wait for the order to trigger.
Check real-time market 👇 $USELESS
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