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USELESS(USLESSUSDT) Recent movement shows a typical overbought divergence signal. From multiple timeframes, the 15-minute RSI has already surged to 71, the 1-hour chart is at 78, and the 4-hour chart has directly reached 81—three timeframes are all overbought. But there's a key detail here: the trading volume has surprisingly shrunk by 91.7%.
This kind of volume-price divergence often indicates a potential reversal in the market. Although the MACD on the 1-hour chart has shown a golden cross, the histogram is relatively weak, making it unlikely to have strong momentum. The 4-hour structure appears quite fragile, likely indicating the end of a strong move.
Key levels to watch: the current price is at the strong resistance zone of 0.09. Above that, 0.095 and 0.10 are two important resistance levels. Below, support levels are at 0.085 and 0.078.
From a trading perspective, the strategy could be as follows: if the price can break above 0.095, consider a small long position targeting 0.10, with a stop-loss set at 0.092. Conversely, if the price falls below 0.085, switch to a short position targeting 0.078, with a stop-loss at 0.088. At the current price level, I prefer to wait and see, as chasing a high carries significant risk.
When volume-price divergence signals appear, it's better to wait for a confirmed direction rather than rushing in. Consider waiting until the price truly breaks below 0.085 or strongly breaks above 0.095 before taking action; this will improve the win rate.