$DUSK / – BEARISH MOVE IN PLAY 🔻📉
📊 TECHNICAL ANALYSIS:
$DUSK /USDT is showing signs of a bearish reversal after failing to break above the resistance zone at $0.0535 (24h high). The price is currently trading at $0.0527, down slightly from the local high. Recent price action on the 4H chart shows a weakening bullish momentum with potential for downside correction.
🔑 KEY LEVELS:
Resistance:
🔴 $0.0535 – Strong intraday resistance
🔴 $0.0560 – Major resistance from previous swing highs
Support:
🟢 $0.0510 – Minor support zone
🟢 $0.0500 – Key psychological support and demand zone
📉 TRADE SETUP – SHORT POSITION:
Entry: $0.0527 – Current market price
Stop Loss (SL): $0.0540 – Just above resistance to avoid false breakout
Take Profit (TP):
✅ TP1: $0.0510
✅ TP2: $0.0500
Risk/Reward Ratio: ~1.8 – Clean setup with well-defined invalidation
⚠️ RISK MANAGEMENT:
Only risk 1–2% of your capital per trade. Always use a stop loss. Avoid over-leveraging as volatility can spike quickly. 📉💼
🔍 Monitor closely for reaction at $0.0510 – a bounce here could invalidate further downside.
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