$USELESS Signal】Pullback to Long! After a 1H sharp decline and shakeout, the 4H upward trend line provides strong support, playing a game of secondary surge



$USELESS The 1H timeframe just experienced a massive drop and shakeout, with the price plunging rapidly from 0.0498 to 0.0408, currently stabilizing around 0.0416. The 4H remains in an upward channel above the EMA20 (0.0384), and this long lower shadow is very likely a violent shakeout by the main force, preparing for a second rally. Negative funding rate (-0.0004%) and stable OI indicate that bears have not significantly exited, and the short squeeze logic is still in play.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0415 - 0.0418 (Reason: Current price zone, after the 1H plunge, has stabilized on a platform, with dense buy orders in the order book )

🛑Stop Loss: 0.0399 (Reason: Breaking below the 1H low of 0.0408 and the 4H EMA20 support at 0.0384 confirms the shakeout has failed )

🚀Target 1: 0.0450 (Reason: Resistance of the small platform before the 1H plunge and Fibonacci 0.382 retracement level )

🚀Target 2: 0.0485 (Reason: Previous high resistance area, also the starting point of the 1H plunge )

🛡️Trade Management:

- Position size suggestion: Light (Reason: Extremely high volatility, daily amplitude exceeds 20%, strict risk control needed )

- Execution strategy: When the price rebounds near 0.0440, if stagnation occurs, reduce position by 30% to lock in profits. Move the remaining stop loss up to the entry price of 0.0418. If the price strongly breaks through 0.0450, move the stop loss up to 0.0430 to aim for greater gains.

Deep logic: This wave of 1H sharp decline was accompanied by massive volume (3.5 billion), but OI remained stable, indicating spot selling pressure rather than futures long liquidation. The order book shows buy depth (0.0415-0.0410) far exceeds sell orders, providing strong support below. The 1H RSI (47.98) has rebounded from oversold territory, and the 4H RSI (58.49) remains in a strong zone. This is a typical violent shakeout model for hot coins, with the main force aiming to clear out floating positions and reduce pressure for subsequent rises. The key is whether the price can hold above 0.0410 and resume volume.

Trade here 👇 $USELESS

---

Follow me: Get more real-time analysis and insights into the crypto market! $BTC $ETH $SOL
USELESS10,26%
BTC-1,57%
ETH-5,68%
SOL-1,99%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)