【$USELESS Signal】Pullback to go long, 1H level funds clearly support

$USELESS After a surge and pullback on the 1H level, the price finds support near the EMA20 moving average, and buying depth begins to recover. Although the 4H MACD histogram is shrinking, the fast and slow lines are still above the zero line, indicating the overall trend is not bad. Market data shows selling pressure is being quickly absorbed, revealing the intention of funds to support the price.

The price can attempt to go long around 0.0456, which is the support level at the 1H EMA20.

🛑Stop loss must be placed below 0.0387, which is the key defense line at the lower band of the 4H Bollinger Bands.

🚀The first target is set at 0.0494, which is the previous high resistance area.

🚀The second target is 0.0530, approaching the extension of the upper band of the 1H Bollinger Bands.

🛡️Trading management:
- Execution strategy: After reaching the first target, halve the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.0456 and drops again, exit immediately and observe.

The 1-hour volume shrinks during price pullbacks, which is not characteristic of panic selling. Meanwhile, the 4-hour EMA50 at 0.0430 forms the second line of defense, resonating with the 1H EMA20 support. Although RSI has fallen from high levels, it has not entered oversold territory, indicating healthy chip turnover. The current risk-reward ratio is acceptable; the key is precise entry points to avoid chasing at short-term emotional highs.

Check real-time market 👇 $USELESS
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