Technical analysis by The_Alchemist_Trader_ about Symbol USELESS: Buy recommendation (10/16/2025)

Useless has been trading tightly between $0.38 and $0.41, showing multiple swing failure patterns (SFPs) but lacking follow-through momentum to the upside. This repeated exhaustion is forming a compression structure beneath resistance. Key Technical Points: - Resistance Zones: $0.38 and $0.41 - Support: $0.33 swing low region - Bias: Bearish unless structure reclaims resistance If price continues to wick into resistance without closing strength, it indicates active distribution and selling pressure at these levels. A decisive rejection here could trigger acceleration toward the swing low that initiated the recent bounce. Should volume continue to fade near $0.41, a downward break becomes increasingly probable. On the flip side, a clean close above $0.41 on expanding volume would shift market structure and invalidate the local bearish bias. At present, Useless remains capped by supply, and continuation lower appears more probable unless bulls reclaim control with conviction.