2026-01-11 05:23:47

The market trend on the 1-hour chart of DUSK clearly reflects the changing mentality of retail investors—when the price surged from 0.05096 to 0.06080 and the moving averages showed a bullish alignment, a bunch of retail traders followed the trend and chased the high. As a result, the price immediately dropped after reaching a high, breaking below the MA7 level (0.05888), and those who entered early started to cut their positions collectively, causing the price to retrace to around 0.05812.

The current situation is a bit awkward. The price is fluctuating below the MA7, and retail investors are caught in the typical "cold at the top" mentality—they want to buy the dip but are afraid of getting trapped. The key level to watch is whether the MA20 (0.05716) can hold steady. If the price retraces to this level and stabilizes, retail investors might regain confidence and attempt a low-buying wave. But if it truly breaks below, it will likely trigger panic selling and stop-losses. Conversely, every time the price rebounds and hits the MA7 level, the enthusiasm for chasing the high clearly cools down, and it fails to generate any effective support.

DUSK3.94%

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HashRateHustler

· 9h ago

The typical chasing high and getting crushed rhythm, it looks painful --- If MA20 doesn't break, I will hold on stubbornly; if it breaks, I will admit defeat. It's not that complicated --- Retail investors are always catching the bag at high levels, and this time they got caught again haha --- When it rebounds to MA7, no one is willing to buy anymore. This is what it feels like to be trapped --- Instead of waiting for stabilization, it's better to go all-in and bottom fish, take a gamble --- Bullish arrangement? No way. This is a signal of the market maker cutting the leeks --- I'm too afraid to move now. If it drops another hundred points, I will consider entering --- I already said not to chase highs, and now it's all in the bag --- If MA20 can really hold, the bottom might be right here --- Every rebound can't break through MA7, this resistance level is a bit stubborn

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SoliditySlayer

· 9h ago

It's the same old trick again; those chasing the high are all trapped. Once the MA20 breaks, you have to run.

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MoodFollowsPrice

· 9h ago

Starting to have a bearish mindset again, this wave is really just a harvest of retail investors Retail investors get trapped as soon as they come in, and still have to wait for the bottom to buy in, can MA20 hold... Every time I hit MA7, I lose momentum, and the rebound strength is too weak Watching brothers cut positions at high levels, I also need to think more about whether to run That's why I hate chasing highs, I've already calmed down and just sit tight

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FOMOmonster

· 9h ago

This move is really amazing; retail investors are all trapped and exhausted. If you can't make money, blame the moving averages for being weak—laugh out loud. MA20 can't hold up and breaks outright; don't blame others when the time comes. Chasing highs is basically taking the role of the sucker; can't you learn? Rebound then drop, rebound then drop—when will this torment end? Watching MA7 repeatedly rub, I know there's no hope in this wave. Is there really a bottom? I honestly don't know.

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