DUSK/USDT currently faces a somewhat awkward situation: the price has stabilized at 0.06, but technical indicators are starting to flash red.



The 1-hour and 4-hour RSI are both above 80, indicating a typical overbought signal; the 15-minute chart has seen some pullback, but the 1-hour MACD histogram remains positive. The troublesome part is the trading volume — it has shrunk by 94.6%, creating a divergence between price and volume, suggesting that upward momentum is weakening.

From a technical standpoint:
- The current 0.0600 is a psychological level
- Resistance levels are at 0.0620 and 0.0640
- Support levels are at 0.0585 and 0.0560

From a trading perspective, if 0.0620 is broken, consider a small long position with a target of 0.0640 and a stop loss at 0.0605; if it falls below 0.0585, the situation reverses, and you should switch to short positions with a target of 0.0560 and a stop loss at 0.0595. But right now, the price is in a wait-and-see zone between 0.0585 and 0.0620, so reckless trading is not recommended.

Honestly, this price level is not very suitable for going long because the overbought condition is quite obvious, and volume-price divergence is also misleading. If you want to act, wait for it to break below 0.0585 first; once the breakout signal is clear, go straight in.
DUSK-4,86%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
ShortingEnthusiastvip
· 01-06 02:56
The volume has shrunk by 94.6%. The breakdown signal hasn't appeared yet. Right now, it's just a trap. Wait until it drops below 0.0585 to say more.
View OriginalReply0
SigmaValidatorvip
· 01-06 02:51
Price and volume divergence at 94.6%, is it going to collapse now? Wait until it breaks below 0.0585 before buying again, can't touch it now.
View OriginalReply0
GasFeeNightmarevip
· 01-06 02:41
The divergence between price and volume is telling you to shut up. Now it's time to act and make pure money. 94.6% of trading volume plummeted, RSI soared to 80... This combo really is quite deadly. Wait until it breaks 0.0585; a clear signal is the real move.
View OriginalReply0
DegenWhisperervip
· 01-06 02:27
The 94.6% divergence between price and volume is outrageous; we really need to wait for a breakdown signal before taking action.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)