🔎 DUSK/USDT: Hunt for institutional liquidity via Price Action
While the crowd panics during a local dip, a major player leaves clear traces on the chart. On the hourly timeframe, $DUSK meticulously executed a classic Stop Hunt (liquidity sweep).
With a sharp impulse, the price knocked out the early buyers’ stops below the local support level, but the sellers failed to hold below it. As a result, a clean Pin Bar pattern formed with a long lower wick — a strong signal that the drop was aggressively bought back.
For me, this technical setup is ideal because it’s backed by a powerful fundamental. Project @Dusk is building an L1 blockchain with ZK privacy for tokenization of real-world assets (RWA). Institutions critically need balance confidentiality so retail traders don’t go hunting for their liquidity.
My trading plan:
Entry: Current consolidation after the buyback (~0.0721)
Stop-loss (SL): I hide a protective stop strictly below the wick of the false breakout (~0.0690)
Take-profit (TP): The first target at local resistance (~0.0745); the main one is to cover the liquidity pool in the area of the blue trend line (~0.0790).
Manage risk and don’t chase the departing train!
#dusk
While the crowd panics during a local dip, a major player leaves clear traces on the chart. On the hourly timeframe, $DUSK meticulously executed a classic Stop Hunt (liquidity sweep).
With a sharp impulse, the price knocked out the early buyers’ stops below the local support level, but the sellers failed to hold below it. As a result, a clean Pin Bar pattern formed with a long lower wick — a strong signal that the drop was aggressively bought back.
For me, this technical setup is ideal because it’s backed by a powerful fundamental. Project @Dusk is building an L1 blockchain with ZK privacy for tokenization of real-world assets (RWA). Institutions critically need balance confidentiality so retail traders don’t go hunting for their liquidity.
My trading plan:
Entry: Current consolidation after the buyback (~0.0721)
Stop-loss (SL): I hide a protective stop strictly below the wick of the false breakout (~0.0690)
Take-profit (TP): The first target at local resistance (~0.0745); the main one is to cover the liquidity pool in the area of the blue trend line (~0.0790).
Manage risk and don’t chase the departing train!
#dusk
