Looking at DUSK's recent performance, it's definitely been exciting. Yesterday, a large bullish candle surged nearly 30%, and today there's been ups and downs. Many are debating—buy or sell? Instead of guessing, it's better to review the market logic.
**Current Situation**
As of the latest data, DUSK is trading around $0.1245. The key point is yesterday's (January 17) large bullish candle, which broke through two important resistance levels: first, the multi-month consolidation upper boundary (around $0.11), and second, the previous key high at $0.1169. This breakout is significant—yesterday's trading volume exceeded 109 million, indicating genuine capital inflow rather than a false move. From the chart, the price has already moved above all short-term moving averages, with a bullish alignment, clearly signaling strong short-term momentum.
**Why Technicals Are Optimistic**
A more than doubling increase sounds crazy, but starting from the low of $0.0526, it took less than two weeks to reach this level. This steep upward curve itself indicates market heat. The short-term moving averages are well aligned, and key support levels are gradually rising, all signs of a strong trend.
**Potential Concerns**
The issue lies precisely in this heat. The rapid gains over a short period likely accumulated a lot of profit-taking, and indicators like RSI and Bollinger Bands are signaling overbought conditions. In this state, any negative news or a correction could trigger a chain reaction. No matter how strong the technicals are, emotional reversals can still happen.
What to do next depends on individual risk tolerance and trading cycle. Short-term traders should consider when to take profits, rather than holding indefinitely.
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LightningLady
· 9h ago
This rally is quite aggressive. The overbought signal is so obvious, yet some still want to chase? I wouldn't dare.
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FlashLoanKing
· 9h ago
Still waiting for a double? Time to cash out and secure your gains.
View OriginalReply0
ZKProofEnthusiast
· 9h ago
How high can this wave go? It feels a bit虚 (unstable/uncertain).
View OriginalReply0
ChainMaskedRider
· 9h ago
Still chasing after overbought conditions so obviously? You're doomed to cut losses, buddy.
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LostBetweenChains
· 9h ago
Still daring to chase after an obvious overbought? A single big bullish candle can really fool people. I feel anxious just watching for you guys.
Looking at DUSK's recent performance, it's definitely been exciting. Yesterday, a large bullish candle surged nearly 30%, and today there's been ups and downs. Many are debating—buy or sell? Instead of guessing, it's better to review the market logic.
**Current Situation**
As of the latest data, DUSK is trading around $0.1245. The key point is yesterday's (January 17) large bullish candle, which broke through two important resistance levels: first, the multi-month consolidation upper boundary (around $0.11), and second, the previous key high at $0.1169. This breakout is significant—yesterday's trading volume exceeded 109 million, indicating genuine capital inflow rather than a false move. From the chart, the price has already moved above all short-term moving averages, with a bullish alignment, clearly signaling strong short-term momentum.
**Why Technicals Are Optimistic**
A more than doubling increase sounds crazy, but starting from the low of $0.0526, it took less than two weeks to reach this level. This steep upward curve itself indicates market heat. The short-term moving averages are well aligned, and key support levels are gradually rising, all signs of a strong trend.
**Potential Concerns**
The issue lies precisely in this heat. The rapid gains over a short period likely accumulated a lot of profit-taking, and indicators like RSI and Bollinger Bands are signaling overbought conditions. In this state, any negative news or a correction could trigger a chain reaction. No matter how strong the technicals are, emotional reversals can still happen.
What to do next depends on individual risk tolerance and trading cycle. Short-term traders should consider when to take profits, rather than holding indefinitely.