$USELESS Facing Strong Resistance – Potential Reversal Setup
After a sharp move from 0.030 → 0.0388, price is now struggling to maintain strength near the highs. Multiple rejections from the resistance zone suggest weakening bullish momentum.
📉 Short Trade Setup:
Entry: 0.0375 – 0.0385
Stop Loss: 0.0400
Targets:
TP1: 0.0355
TP2: 0.0338
TP3: 0.0320
📊 Analysis: Price is forming lower highs while failing to break and hold above resistance. Sellers are gradually stepping in, and momentum is shifting.
If price stays below 0.038, we could see continuation to the downside as buyers lose control.
⚠️ Confirmation to watch:
Weak bounces / lower high structure
Bearish candles near resistance
Breakdown below short-term support
JOE
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