【$USELESS Signal】Pullback to buy! 1H pullback confirmation, main force showing signs of support

After experiencing a sharp decline yesterday, the $USELESS 1H level has formed a double bottom around 0.040. The current price is pulling back to test the 1H EMA20 (0.0431) for support. Although the 4H level is still in a downtrend, the latest 4H candlestick closed with a long lower shadow, indicating strong buying pressure below. Open interest remains stable, and no panic selling occurred during the price decline, suggesting initial signs of main force supporting the market.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0435 - 0.0438 (Reason: 1H EMA20 support zone, previous hour's low)

🛑Stop loss: 0.0418 (Reason: Break below the rebound start after yesterday’s plunge, double bottom structure invalidated)

🚀Target 1: 0.0470 (Reason: Previous rebound high resistance on 4H level)

🚀Target 2: 0.0495 (Reason: Starting point of yesterday’s plunge, key resistance zone)

🛡️Trade management:

- Position suggestion: Light position (Reason: 4H trend not fully reversed, left-side trading)

- Execution strategy: When price reaches 0.0470, reduce position by 50% and move stop loss to entry price. Hold remaining position for Target 2. If the 1H candlestick closes below 1H EMA50 (0.0404), exit unconditionally.

Deep logic: Market depth shows buy orders (bids) are significantly thicker than sell orders (asks), with a depth imbalance of 5.66%, indicating strong support below. The 1H RSI (54.96) is in a healthy rebound, not overbought. The key is whether the price can hold above 1H EMA20 and increase volume, signaling a short-term momentum reversal. Market logic suggests “price rising, main force entering or bears being squeezed,” with stable open interest indicating that main players are accumulating after the plunge to support the market.

Trade here 👇 $USELESS

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