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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Disclaimer
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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 ⚔️
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
