DUSK/USDT Chart Analysis: Potential Long Opportunity
Chart Overview:
The DUSK/USDT 1-hour chart shows a clear recovery trend after hitting a low of approximately $0.0607. The price has been forming higher lows and is currently trading around $0.0688, indicating bullish momentum. The 24-hour high is $0.0708 and the 24-hour low is $0.0620. The daily gain is +10.79%.
Trade Suitability:
The chart indicates a potential long opportunity due to the clear uptrend, higher lows, and increasing price. The price has broken above minor resistance levels and is consolidating around the $0.0688 mark. If this level holds, further upward movement is likely.
Long Trade Setup:
•Entry Zone: $0.0680 - $0.0690 (A retest of the $0.0680 level or a clear break above $0.0690 with conviction)
•Stop Loss: Below $0.0660 (Placing the stop loss below the recent swing low provides a good risk-reward ratio)
•Target Price 1 (TP1): $0.0700 (Previous minor resistance)
•Target Price 2 (TP2): $0.0710 (Next potential resistance level)
•Target Price 3 (TP3): $0.0720 (Extended target, near the previous high)
Market Insight:
DUSK has shown strong buying interest and is in a clear uptrend. The overall market sentiment for DUSK appears bullish as long as it maintains above the $0.0670 support level. Traders should monitor volume and candlestick patterns for confirmation of continued upward momentum. A strong close above $0.0690 on the 1-hour chart would be a strong bullish signal.
Trade
$DUSK here👇🏻
#dusk #duskusdtLong #TradeSignal #InsightBulletin