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Hxlaw
Hxlaw
$USELESS is having a pretty good short-term reversal signal on the 1H frame after bottoming around $0.0606. The price now bounces strongly to the $0.068 area with a marked increase in volume, indicating that cash flow is starting to return. Current positive points: • MA5 has been cut to MA10 and MA20 • The price reclaims the short-term MA cluster after many hours of continuous decline • The appearance of a strong bullish candle broke the previous sideway structure 📌 Transaction scenario: • Reference entry: $0.067 – $0.068 • Near support: $0.064 – $0.065 • Near resistance: $0.071 – $0.072 • If the breakout is around $0.072, the price can expand back to the $0.076 area Currently, this is more like a short-term recovery setup than a big uptrend, but the risk/reward ratio is quite good if the newly formed support area is kept. It is important that the volume needs to continue to maintain to confirm the increase. The suitable strategy at this time is to buy according to momentum, prioritize partial profit-taking when approaching the upper resistance areas

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