$DUSK broke through the 0.11 level.
Let’s break this number down.
The longer it’s been since the price last reached this level, the more the distribution of positions around here may have changed. The balance of bullish and bearish forces at the time may no longer hold.
It’s common for prices to break through a level and then retreat, so many people prefer to wait for confirmation at the close rather than jump in as soon as the price crosses it.
Extreme readings usually come with larger swings. At times like these, it’s better to reduce your position rather than add to it.
Let’s break this number down.
The longer it’s been since the price last reached this level, the more the distribution of positions around here may have changed. The balance of bullish and bearish forces at the time may no longer hold.
It’s common for prices to break through a level and then retreat, so many people prefer to wait for confirmation at the close rather than jump in as soon as the price crosses it.
Extreme readings usually come with larger swings. At times like these, it’s better to reduce your position rather than add to it.