【$USELESS Signal】Long - 1H strong breakout, capital inflow drives short squeeze

$USELESS The 1H timeframe has just completed a volume breakout above the previous consolidation range, with the price stabilizing above EMA20(0.0380), indicating strong momentum. The 4H chart has formed three consecutive bullish candles, confirming a trend reversal. Although RSI is somewhat high, sustained capital inflow suggests the short squeeze trend may continue.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0418 - 0.0422 (Reason: The retracement after the 1H breakout confirms the support zone, which is also the current dense support area on the order book)

🛑Stop Loss: 0.0400 (Reason: Falling below the 1H EMA20 and the low of the previous candle invalidates the bullish structure)

🚀Target 1: 0.0443 (Reason: The previous high resistance on the 1H chart, also yesterday’s high)

🚀Target 2: 0.0470 (Reason: Based on the recent wave rally’s 1.618 Fibonacci extension level)

🛡️Trade Management:

- Position Size Suggestion: Light (Reason: Daily gains have exceeded 28%, volatility is extremely high, risk and reward coexist)

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price strongly breaks above 0.0443 and stabilizes, consider targeting 0.0470 for the remaining position.

Deep Logic: The 4H volume significantly increased during the breakout, indicating main capital entry. Open interest(Open Interest) remains stable and has not decreased sharply with the price rise, suggesting it’s not just short covering but also new long positions. Although the 1H RSI reaches 75.85, in a strong trend it may remain overbought. Order book depth shows accumulation of sell orders around 0.0421-0.0423, and after breaking through, resistance above is sparse, favoring rapid upward movement. Combined with positive funding rates, there is short squeeze potential.

Trade here 👇 $USELESS

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