🚨 DUSK/USDT: Is the Privacy Project Primed for a Pump? A Critical Look at the Charts!

Market Outlook: Dusk Network (DUSK) is currently testing a critical support level around $0.063 after a period of downward momentum. The price is consolidating, which often precedes a significant move. While the short-term trend is bearish, some analysis points to potential accumulation near these bottom prices. The long-term performance is weak, but regulatory developments and upcoming mainnet features could influence a reversal.

💡 Futures Trading Plan (Neutral Stance):

🟩 Long Entry Trigger: Look for a confirmed breakout and candle close ABOVE the resistance level of $0.0660 on a higher timeframe (e.g., 4H or Daily) with significant volume. This would signal a shift in momentum away from the bearish trend.

💰Targets: $0.0680, $0.0700, and potentially $0.0750.
🛑Stop Loss: Below the breakout candle's low or below the crucial support zone around $0.0620.

🟥 Short Entry Trigger: Consider a short if the price shows a strong rejection at the $0.0660 resistance or a confirmed breakdown BELOW the crucial support zone around $0.0620.

💰Targets: $0.0600, $0.0580, and towards previous lows.
🛑Stop Loss: Above the resistance zone at $0.0665.

Your Action Plan:

⏳ 01 - Wait for Confirmation: Do not rush into a trade. Wait for a clear breakout or breakdown to be confirmed by a candle close. False moves are common with volatile assets like DUSK.

🛡️ 02 - Use a Stop-Loss: Always protect your capital. A stop-loss is essential for managing risk, especially given DUSK's recent volatility.

⚖️ 03 - Manage Your Risk: Consider position sizing appropriate for your risk tolerance. Do not over-leverage, given the inherent risks in cryptocurrency trading.

📢 What are your thoughts?

Vote: Do you think DUSK will rebound from its current support or continue its downward path?

Bounce and Break Higher
Fall Back to Lows

Comment: Share your analysis below!