Useless Coin is currently trading around a key support zone, sitting just below last week’s value area and moving through a developing liquidity pocket. This region has historically acted as an important reaction level, and price is now attempting to stabilise within it.
If a bottoming structure begins to form and price rotates upward from this zone, it opens the probability for a stronger bullish expansion from a swing perspective. Holding this support remains crucial for any meaningful upside continuation.
Key Points
Trading below last week’s value area and inside a liquidity pocket
Support zone acting as a potential base for accumulation
Bottoming structure could trigger a bullish swing expansion
What to Expect
If price holds and confirms a reversal structure, Useless Coin may attempt a move back toward higher resistance levels in a broader swing recovery.
If a bottoming structure begins to form and price rotates upward from this zone, it opens the probability for a stronger bullish expansion from a swing perspective. Holding this support remains crucial for any meaningful upside continuation.
Key Points
Trading below last week’s value area and inside a liquidity pocket
Support zone acting as a potential base for accumulation
Bottoming structure could trigger a bullish swing expansion
What to Expect
If price holds and confirms a reversal structure, Useless Coin may attempt a move back toward higher resistance levels in a broader swing recovery.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
