【$USELESS Signal】Short-term Short | 1H Overbought + Volume Diminishing

$USELESS 1H RSI 80.6, trading volume sharply dropped from 118 million to 35 million, MACD histogram continues to narrow. The 4H Bollinger Band upper band at 0.0765 has been broken, current price at 0.08036 is above the upper band, the channel is expanding rapidly but buying pressure ratio has fallen to 0.47, indicating selling pressure at high levels is beginning to surface.
🎯Direction: Short
⚡Entry: 0.08036 (current price)
🛑Stop Loss: 0.08250
🚀Target 1: 0.07775
🚀Target 2: 0.07371
🛡️Trade Management: - Reduce 50% of position upon reaching Target 1, move stop loss down to 0.08050. If price breaks the stop loss level, exit immediately.
Deep Logic: Funding rate at 0.0116% is relatively high, but open interest remains stable, indicating longs are not panicking and exiting. The 1H MACD momentum is weakening while the 4H MACD continues to expand, forming a cycle divergence, showing limited short-term chasing of highs. Current risk-reward ratio is approximately 1:2, suitable for quick scalp trades.
Check real-time market 👇 $USELESS
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