$USELESS is transitioning from post-distribution recovery into bullish continuation structure after reclaiming key moving averages with expanding momentum.
Trade Plan:
LONG
Entry: 0.0648 – 0.0662
SL: 0.0614
TP1: 0.0698
TP2: 0.0735
TP3: 0.0790
TP4: 0.0860
The initial expansion into 0.0865 likely served as a buy-side liquidity event where late momentum longs were trapped before a controlled markdown phase followed. The decline successfully cleared weak positioning and compressed price back toward EMA99, where seller efficiency gradually weakened.
Current structure now shows a clean reclaim above EMA7 and EMA25 with improving candle acceptance near local highs. Unlike previous rebound attempts, the latest upside leg is forming with sustained higher lows and reduced bearish displacement, indicating active accumulation rather than temporary short covering.
The 0.064–0.065 region now becomes an important continuation base. As long as price maintains acceptance above this reclaimed structure, probability favors another expansion leg toward the prior distribution zone.
A rejection back below EMA25 would weaken momentum continuation and increase risk of returning to range conditions.
Avoid chasing vertical candles; prioritize entries during controlled pullbacks into reclaimed liquidity zones.