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DUSK/USDT the current market is quite interesting. The 15-minute chart is indeed consolidating sideways, but the 1-hour and 4-hour charts are textbook overbought signals—RSI hitting 78 and 83 respectively, leaving no room for doubt. What about volume? 49.97M, which is a 93% drop compared to the previous candles, clearly indicating no participation, and the upward momentum is weak.
Let's first look at the specifics across different timeframes. The 15-minute RSI remains moderate at around 59, within a consolidation zone. But the 1-hour RSI at 78 has already sounded the alarm, with MACD bars starting to shrink, indicating a clear decline in momentum. The 4-hour chart is even more concerning—RSI at 83, which is deep into the overbought territory, and the structure is very fragile.
Key price levels are these: currently stuck around 0.0700, with bulls and bears battling here. Looking upward, 0.0720 and 0.0740 are resistance levels; downward, support is at 0.0680 and 0.0650.
How to operate? Three ideas: if the price breaks below 0.0680, consider a small short position targeting 0.0650, with a stop-loss at 0.0705; if it strongly breaks above 0.0720, my advice is to wait and see—don’t chase longs, as the 4-hour overbought condition can’t withstand much more turbulence; if it’s fluctuating between 0.0680 and 0.0720, then do nothing and wait for a clear direction.
In short, the smartest move now is to stay on the sidelines. The combination of overbought signals and declining volume is a trap for a pullback. Better to miss a wave than to force a trade. If you really want to trade, consider a small short position, but strict stop-loss is essential—risk management is more important than chasing profits at this point.