Useless Swing Failure at the Highs Signals Weakness

Useless has recently printed a swing failure pattern (SFP) at its most recent high, signaling that liquidity above the prior top has been absorbed. This often indicates a local top and short-term exhaustion among buyers.

Key Technical Points:

- Pattern: Clean SFP at range high
- Support: 0.024–0.025 daily zone
- Bias: Short-term corrective

After the SFP, candle closures showed lower highs and upper wicks, confirming early selling pressure near the top. A daily close back below the swing point would confirm the deviation and likely drive price action toward the open weekly support below current levels.

If the 0.025 zone fails to hold, deeper retracement toward historical demand areas is likely before any fresh accumulation. Conversely, reclaiming the SFP high would invalidate the bearish bias and reopen range continuation potential.

For now, the bearish swing failure structure implies a corrective leg is developing before potential reaccumulation.