DUSK Bottomed out? (DUSKBTC)
DUSK has been in a downtrend over the past 3 days since the initial listing pump up, fully retracing to pre-listing price.
We've just broken out of the downtrend on the 30 minute chart had a first test of the valley. Looking to backtest the downtrend for a potential move up above 0.00001857.
This is still a risky setup so be sure to set proper stop losses if you're entering.
Entry: 0.00001810 - 0.00001840
Stop: 0.00001700 (below the current bottom, you can set tighter depending on your risk)
Targets:
0.00001982
0.00002134
0.00002365
We've just broken out of the downtrend on the 30 minute chart had a first test of the valley. Looking to backtest the downtrend for a potential move up above 0.00001857.
This is still a risky setup so be sure to set proper stop losses if you're entering.
Entry: 0.00001810 - 0.00001840
Stop: 0.00001700 (below the current bottom, you can set tighter depending on your risk)
Targets:
0.00001982
0.00002134
0.00002365
Note
Backtested the down trend at 0.00001780 and a big bounce from there, let's see if we can break 0.00001857.Note
Update: First target hit at 0.00001982! We closed above and this is now acting as our support.Moved stops up just below the uptrend to confirm profit if we break down.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.