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DUSK's recent rally has been truly fierce, doubling from $0.0526 in less than two weeks, and recently soaring 12% in just 5 minutes. Watching these gains, many are already excited, but honestly, I am now more focused on assessing the risks.
From a technical perspective, the daily RSI has shot up to 81.5, which is a classic sign of extreme overbought conditions. When market sentiment reaches this level, it’s really a warning sign—history has taught us many times that chasing highs at the peak often means standing on the top of the mountain. Moving averages and various oscillators all signal "buy," but these indicators are describing what has already happened, not guaranteeing that prices will continue to surge.
What’s more eye-catching is the data from the futures market—24-hour open interest suddenly surged by 229%, now reaching $34 million. A large number of new traders are recklessly adding leverage and rushing in, which usually indicates one thing: market sentiment has entered a frenzy mode. The result is increased volatility and a growing risk of forced liquidations in the opposite direction.
My simple idea is: abandon the chase for the top, patiently wait for a proper pullback, and look for safer long opportunities at key support levels. This may require more patience, but it will lead to more secure entries. Physics tells us that trees don’t grow to the sky, and the same applies to crypto markets—pullbacks are inevitable. The key is whether you’re prepared to catch the move at the right price.