DUSK has recently surged in popularity, but the details behind this wave of market activity are worth a deep dive.
Looking at the 15-minute candlestick chart, the market is in a clear high-volatility mode, with an average range of 1.93%, sounds exciting. But a closer look at the recent movements reveals issues— the latest few candlesticks show weakening bodies, and trading volume has noticeably shrunk. The combination of these two signals is quite telling.
The price repeatedly tests around $0.07024, and the upward momentum is fading. This moment often precedes a decision on direction, but it's still unclear which way it will go.
If you must trade, here’s a way to think about it: more aggressive traders might try small long positions in the support zone between $0.0692 and $0.0695, with a stop-loss below $0.0688, and short-term targets around the resistance band of $0.0718 to $0.0722. But there's a key point—if the price suddenly drops through $0.0688 with high volume, the situation changes. A slight dip becomes highly probable, and chasing short positions at that point could lead to losses.
Honestly, I wouldn't recommend rushing to open positions now. Instead of chasing this volatility, it’s better to wait or experiment with very small positions. The volatility is real, but the volume isn’t supporting it, meaning the true trend signals haven't appeared yet. Trying to buy high and sell low now is not worth the risk compared to potential gains.
The smartest approach is to wait until the price effectively breaks through this range before taking action. Remember, protecting your principal is always more worthwhile than trying to catch every fluctuation.
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BlockchainFoodie
· 01-13 17:10
yo, this DUSK volatility is giving me major "soufflé about to collapse" energy... all that dramatic rise but the volume's not even there to back it up, ngl. it's like claiming your farm-to-fork supply chain is transparent when your ledger's actually ghost-written, fr fr.
Reply0
GateUser-9ad11037
· 01-13 15:30
The trading volume isn't following; no matter how fierce this rally gets, it's just a false alarm.
View OriginalReply0
BearMarketGardener
· 01-12 20:50
I've seen through this move of shrinking trading volume; it's just the prelude to a false breakout. Don't be fooled by the superficial hype.
View OriginalReply0
CryptoSurvivor
· 01-12 20:47
The trading volume doesn't match, and this feels like a false breakout. I really don't want to see more people get trapped.
View OriginalReply0
LuckyHashValue
· 01-12 20:34
The shrinking trading volume seems to be a trick, with hype outweighing actual activity.
DUSK has recently surged in popularity, but the details behind this wave of market activity are worth a deep dive.
Looking at the 15-minute candlestick chart, the market is in a clear high-volatility mode, with an average range of 1.93%, sounds exciting. But a closer look at the recent movements reveals issues— the latest few candlesticks show weakening bodies, and trading volume has noticeably shrunk. The combination of these two signals is quite telling.
The price repeatedly tests around $0.07024, and the upward momentum is fading. This moment often precedes a decision on direction, but it's still unclear which way it will go.
If you must trade, here’s a way to think about it: more aggressive traders might try small long positions in the support zone between $0.0692 and $0.0695, with a stop-loss below $0.0688, and short-term targets around the resistance band of $0.0718 to $0.0722. But there's a key point—if the price suddenly drops through $0.0688 with high volume, the situation changes. A slight dip becomes highly probable, and chasing short positions at that point could lead to losses.
Honestly, I wouldn't recommend rushing to open positions now. Instead of chasing this volatility, it’s better to wait or experiment with very small positions. The volatility is real, but the volume isn’t supporting it, meaning the true trend signals haven't appeared yet. Trying to buy high and sell low now is not worth the risk compared to potential gains.
The smartest approach is to wait until the price effectively breaks through this range before taking action. Remember, protecting your principal is always more worthwhile than trying to catch every fluctuation.