🚨 DUSK/USDT: Is the Pullback a Buy Opportunity?

Market Outlook: Dusk Network (DUSK), a layer-1 blockchain for regulated financial assets, is consolidating after a period of volatility. The price has been fluctuating around a key support level in the $0.0625–$0.0650 range. While the weekly and daily trends appear weak or bearish, a recent short-term bounce and consolidation above support suggest potential for a short-term rally. 

💡 Futures Trading Plan (Neutral Stance):

🟩 Long Entry Trigger: Look for a confirmed, high-volume candle close ABOVE the resistance level of $0.0690–$0.0700 on a higher timeframe (e.g., 4H or Daily). 

💰Targets: $0.0715, $0.0750, and potentially higher toward the local high of $0.0825.
🛑Stop Loss: Below the breakout candle's low or below the nearest support zone around $0.0650. 

🟥 Short Entry Trigger: Consider a short if the price breaks decisively BELOW the key support zone of $0.0625–$0.0650 with a closing candle on a higher timeframe. 

💰Targets: $0.0600, and lower toward previous support levels near $0.0585.
🛑Stop Loss: Above the breakdown candle's high or above $0.0660. 

Your Action Plan:

01 - ⏳ Wait for Confirmation: The current consolidation necessitates patience. Wait for a clear breakout or breakdown to be confirmed by volume before entering a trade. 

02 - 🛡️ Use a Stop-Loss: Protect your capital. A stop-loss is essential for managing risk in volatile assets like DUSK. 

03 - ⚖️ Manage Your Risk Wisely: Consider position sizing appropriate for your risk tolerance. Avoid over-leveraging, especially given the ongoing market volatility. 

📢 What are your thoughts?

Vote: Do you think DUSK will rebound from its current support or break down further?

Bounce and Break Higher
Fall Back to Lows 

Comment: Share your analysis below!