volume and how quickly an asset bounces during a flush are two of the biggest things you want to pay attention to
they show you where dip buyers are aggressively stepping in and which assets have the strongest demand
$USELESS is looking pretty damn good on both counts 👀
• back to being a top 3 most traded memecoin on Coinbase alongside $PEPE & $DOGE, with only 3 memecoins in the top 50
• volume up 144% in 24 hours, the highest ratio of any memecoin in the top 13
this is EXACTLY the kind of reaction you want to see from an asset during a flush like the Binance hack selloff
while others panic sell, people are aggressively bidding $USELESS
pay attention to the assets showing strength when the market gets ugly
dips are for buying!
on another note, $USELESS has the largest 24h drawdown of any cryptocurrency listed on Binance futures or traded on Hyperliquid perps
so again, while it tends to outperform everything else when $BTC is trending strongly, the reverse seems to be the case during periods of extreme market stress like this
the silver lining is that this presents an opportunity: an entry for those who have been sidelined so far, and a swing/quick trade for those who enjoy that kind of trading
my core spot bags remain intact, but i like this as a swing trade here
the kind of volatility you see on $USELESS is a trader's dream!