【$USELESS Signal】Long (retracement entry) - Confirmation of 4H breakout and retest, main force clearly protecting the market

$USELESS 1H timeframe after a sharp rally enters a healthy correction, the price is retesting the key support area of the 4-hour breakout. Currently, the 1-hour RSI has fallen from the overbought zone to a healthy level, and open interest remains stable, indicating that the rise is not purely driven by short sellers, with signs of main force support. The 4-hour chart shows the price has strongly broken through the previous consolidation upper band, indicating a bullish structure.

🎯Direction: Long (retracement entry)

⚡Entry/Order: 0.0442 - 0.0452

🛑Stop loss: 0.0428

🚀Target 1: 0.0486

🚀Target 2: 0.0505

🛡️Trade management:

- Execution strategy: After reaching Target 1, reduce position by 50% and immediately move the stop loss to the entry price. The remaining position aims for Target 2 with a trailing stop; if the price retraces and breaks the trailing stop line, exit all positions.

Depth logic: The buy volume on the 4-hour timeframe significantly increases during the rally. Although there is some selling pressure in the current order book, buy orders below are dense, forming a solid support cushion. The 1-hour EMA20 moving average provides dynamic support, highly overlapping with the suggested entry zone. Funding rates remain positive but not overheated, characteristic of a healthy bull market. Combined with the fact that open interest has not decreased after the breakout, this appears to be a shakeout after main force’s rally, preparing for the next upward wave.

View real-time market 👇 $USELESS

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