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.
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metaverse_hermit
· 6h ago
Contract surge of 229%? This is just setting people up. Newcomers are still celebrating, while the liquidation orders are already prepared.
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ValidatorViking
· 6h ago
rsi at 81.5 screaming overbought... yeah nah, i've seen this movie before. new money pouring in with 229% leverage spike? that's just slashing risk waiting to happen. patience beats getting liquidated every single time, fr
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GhostWalletSleuth
· 6h ago
The reasoning may be rough, but with RSI soaring to 81, still chasing... Isn't this just inviting trouble? You really need to be patient and wait for a pullback.
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ShadowStaker
· 6h ago
nah, this overbought condition is textbook cascade territory. rsi at 81.5 screaming liquidation trap written all over it... watched this movie too many times already
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OnchainSniper
· 6h ago
Wait, RSI 81.5 is still being hyped? Newbies are really about to pay their tuition fees
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The contract liquidation list is about to be released again, I’m all too familiar with this rhythm
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Trees don’t grow to the sky, well said, but no one listens to advice, right?
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A $34 million position, the gambler’s vibe is too strong, I’ll step aside and watch the show
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Those chasing the rise are just trying to push the big players out, and this time is no exception
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Waiting for a pullback might take a long time, but it’s much better than getting liquidated chasing highs
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The craziest times are when you should stay calm, but unfortunately most people can’t do it
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When RSI breaks 80, it’s time to run. It’s old advice, but some people never listen
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Newbies leverage so aggressively, they’re one step closer to liquidation, the cycle law is ruthless
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Support levels do need to be waited for, but don’t wait foolishly and miss the rebound opportunity
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MoonRocketTeam
· 6h ago
This RSI is already at 81.5, still chasing? Brother, are you trying to experience the feeling of jumping off a building straight from the top?
Wait, the open interest has surged by 229%. Beginners are levering up and playing recklessly. Isn't this a sign of liquidation...
Let's just be honest and wait for a pullback. Don't rush just because of dopamine release. The tree won't grow to the sky.
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.