$USELESS 0.0558, with $16.7M in trading volume, you can’t hold up a single crash gap! If this hourly candle can’t reclaim 0.0572, the shorts will directly grind down to 0.05.

The current K-line structure is very clear: USELESS was dumped from 0.0646 and within 24 hours it’s down nearly 11%. This isn’t a pullback—it’s a breakdown. The range between 0.058 and 0.06 held sideways for three days, but it’s been punched through immediately. The moving average system is already in a dead cross with the gap opening. More importantly, 0.0558 is exactly where the daily Bollinger lower band sits, but the volume hasn’t expanded enough to form a bottom reversal—this $16.7M turnover during the selloff is weak, indicating the main players don’t want to take over the bag, while retail is catching a falling knife.

RSI has already entered the oversold zone near 24, but the MACD fast and slow lines are still accelerating downward and diverging; the histogram hasn’t shortened. This is a typical “downtrend continuation” divergence trap: indicators are oversold, but price is still making new lows. Don’t bottom-fish unless you’re planning to hold for more than a week. Intraday support that actually matters is the prior low at 0.0546—if this breaks again, the 0.05 psychological level will be the next magnet.

In terms of execution, this isn’t the time to enter. If you want to short, set a stop loss above 0.0575 from the current price 0.0558; targets are 0.052 to 0.05. If you want to go long, you must wait for two signals: first, the hourly line reclaims 0.0572; second, after a volume contraction stop to the selloff, volume expands and a rally pumps up to form a bullish divergence at the bottom. Before that, any rebound is an opportunity to escape.

Personal view: USELESS will make another new low. If today closes below 0.055, tomorrow you’ll see 0.05. For those betting on a reversal, set your stop loss first—don’t ask why; the answer is that you’ve lost money before. If you want the specific divergence levels, follow me—see you next time.