#dusk $DUSK @Dusk
š Breaking down DUSK/USDT: getting ready for a new rally?
Right now, the token is trading around $0.0723 (+4%). What do I see from technical analysis?
š On the 4-hour chart (4H):
Weāve confidently bounced off the $0.0621 bottom and are moving in a clear uptrend. All key MAs (7, 25, 99) are lined up beneath the priceāthis is a classic ābullishā signal. The main resistance is currently at $0.0740.
š On the 1-hour chart (1H):
After working off $0.0740, the price has been squeezed into a tight sideways range above the $0.0712ā$0.0721 support. Volume has dipped a bitāthe market is just ābreathingā and building strength before the next move.
šÆ My trading plan:
1. Bullish scenario: Iām waiting for a breakout and confirmation with a close above $0.0740. If the momentum is confirmed by volume, the first targets will be in the $0.0760ā$0.0800 area.
2. Entry/adding zone: The $0.0712ā$0.0715 area looks like great support for a bounce.
3. Risks: The bullish scenario is invalid only if thereās a breakdown and a candle close below $0.0675 (MA25 on 4H).
š” Verdict: The asset looks favorable for a long, but itās better to act on confirmationāeither on a breakout of resistance or from a retest of support.
š What do you think: will we break $0.0740 today, or do we keep chopping sideways for now? Share your thoughts in the comments.
š Breaking down DUSK/USDT: getting ready for a new rally?
Right now, the token is trading around $0.0723 (+4%). What do I see from technical analysis?
š On the 4-hour chart (4H):
Weāve confidently bounced off the $0.0621 bottom and are moving in a clear uptrend. All key MAs (7, 25, 99) are lined up beneath the priceāthis is a classic ābullishā signal. The main resistance is currently at $0.0740.
š On the 1-hour chart (1H):
After working off $0.0740, the price has been squeezed into a tight sideways range above the $0.0712ā$0.0721 support. Volume has dipped a bitāthe market is just ābreathingā and building strength before the next move.
šÆ My trading plan:
1. Bullish scenario: Iām waiting for a breakout and confirmation with a close above $0.0740. If the momentum is confirmed by volume, the first targets will be in the $0.0760ā$0.0800 area.
2. Entry/adding zone: The $0.0712ā$0.0715 area looks like great support for a bounce.
3. Risks: The bullish scenario is invalid only if thereās a breakdown and a candle close below $0.0675 (MA25 on 4H).
š” Verdict: The asset looks favorable for a long, but itās better to act on confirmationāeither on a breakout of resistance or from a retest of support.
š What do you think: will we break $0.0740 today, or do we keep chopping sideways for now? Share your thoughts in the comments.