DUSKUSDT : Bullish Wave 3 or C in Progress?
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Overview :
DUSK is moving within a well-defined ascending channel on the weekly timeframe, presenting a potential bullish setup. Current momentum suggests a wave 3 or C scenario, with key levels and validation zones to watch closely.
Key Technical Observations :
Previous Rally : Price peaked at $0.55 (supply zone) before retracing to $0.14 (origin of movement).
Current Setup : DUSK is in wave 3, specifically within microwaves of the first wave 3.
Critical Levels to Watch :
Demand Zone : $0.14–$0.20, acting as the base for the ongoing rally.
Immediate Resistance : $0.35, a minor supply zone to clear for further growth.
Major Target : $0.55, aligning with the previous supply zone.
Indicators Supporting the Trend :
Momentum remains strong, with higher lows forming on weekly timeframes.
Validity of the bullish scenario hinges on price maintaining above key demand levels.
Pro Tip for Investors :
Entry Zone : Look for entries between $0.14–$0.20.
Stop-Loss : Place stops below $0.13 to limit downside risk.
Profit Targets :
Scale out at $0.35 and $0.55 for optimal risk-reward.
Conclusion :
DUSK/USDT is displaying strong bullish potential within its ascending channel. A break above $0.35 could confirm the continuation of wave 3 or C, with $0.55 as the next critical target.
Advice :
Monitor volume and momentum indicators for breakout confirmation. Always stay updated on macro market trends and reassess strategies if the price drops below the demand zone. DYOR before entering any trade.