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I’ve been watching this one climb for a while, and the part that caught my attention isn’t just the +18% on the screen.
It’s how price has been moving once buyers took control.
On the 2H chart, USELESS has pushed through the moving averages one after another, and now it’s trading around 0.145, right near the 0.14888 high. The interesting part is that price isn’t just sitting above the MA5 and MA10 — it’s stretched well above them, with the MA5 around 0.1343 and MA10 around 0.1269.
That tells me momentum is strong, but it also tells me I don’t want to be the guy chasing the green candle at the top.
The Bollinger Bands are giving the same message. The upper band is around 0.1414, and price is already trading above it. That’s usually a sign of aggressive momentum, but after a move like this I want to see whether buyers can actually hold the breakout instead of giving some of it back.
What I really like here is the volume.
The bigger candles have been coming with noticeably stronger activity, and the open interest has also been climbing into the move. So there’s clearly fresh positioning coming into this market. That makes the move more interesting than a simple low-volume spike.
MACD is backing it up too. DIF is above DEA and the histogram has turned positive again. Momentum hasn’t disappeared yet.
But here’s where I’d be careful.
0.14888 is the immediate ceiling. Price is basically knocking on that door right now. If it breaks with proper volume and actually holds above it, that would tell me buyers still have something left.
If it gets rejected hard, I’d be watching 0.134–0.135 first, then the 0.1259 support underneath.
Personally, I’m more interested in seeing how $USELESS behaves after this push than trying to predict the next candle.
The chart is strong right now.
I just want to see whether buyers can turn this momentum into a level they can defend.