DUSK is starting to look interesting on the daily chart 👀
After bottoming around $0.0559 the price has been slowly building a recovery and has now pushed back above the Bollinger mid band around $0.0673.
Momentum is also improving. MACD has turned positive and volume has started picking up which shows buyers are becoming more active.
But there is one important level to watch now 👇
$0.0795 to $0.0800 is the key resistance zone. DUSK is already trading close to the upper Bollinger Band so a rejection here could trigger a short term pullback.
If DUSK breaks and holds above $0.0800 with strong volume then I would watch $0.085 and $0.090 next.
If it gets rejected then $0.0735 is the first level I want to see hold. A healthy pullback into that area followed by a bounce could actually give a better entry.
Overall the daily structure is improving and the bias is turning bullish but I would not chase the price directly under $0.0800.
#dusk $DUSK @Dusk
After bottoming around $0.0559 the price has been slowly building a recovery and has now pushed back above the Bollinger mid band around $0.0673.
Momentum is also improving. MACD has turned positive and volume has started picking up which shows buyers are becoming more active.
But there is one important level to watch now 👇
$0.0795 to $0.0800 is the key resistance zone. DUSK is already trading close to the upper Bollinger Band so a rejection here could trigger a short term pullback.
If DUSK breaks and holds above $0.0800 with strong volume then I would watch $0.085 and $0.090 next.
If it gets rejected then $0.0735 is the first level I want to see hold. A healthy pullback into that area followed by a bounce could actually give a better entry.
Overall the daily structure is improving and the bias is turning bullish but I would not chase the price directly under $0.0800.
#dusk $DUSK @Dusk
