DUSK/USDT 5-minute timeframe, the current trading logic mainly revolves around moving average support and resistance.
Currently, the price has broken below MA7 (0.05862) and MA20 (0.05887), indicating short-term bearish divergence. There is no clear sign of a bullish reversal yet, so it is not suitable to rush into long positions at this stage.
If the price can retest MA120 (0.05857) or MA250 (0.05691) and the moving averages start to converge and halt the decline, then small long positions can be considered. However, stop-loss should be set below 0.05627.
There is also a chance for a rebound—if the price rises to MA60 (0.05910) but gets rejected and falls back, a small short position can be tried. Stop-loss should be placed above 0.06080.
In simple terms, don’t open large positions immediately. Multiple small trades can better control risk and also prevent missing out on this wave of the market.
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.
DUSK/USDT 5-minute timeframe, the current trading logic mainly revolves around moving average support and resistance.
Currently, the price has broken below MA7 (0.05862) and MA20 (0.05887), indicating short-term bearish divergence. There is no clear sign of a bullish reversal yet, so it is not suitable to rush into long positions at this stage.
If the price can retest MA120 (0.05857) or MA250 (0.05691) and the moving averages start to converge and halt the decline, then small long positions can be considered. However, stop-loss should be set below 0.05627.
There is also a chance for a rebound—if the price rises to MA60 (0.05910) but gets rejected and falls back, a small short position can be tried. Stop-loss should be placed above 0.06080.
In simple terms, don’t open large positions immediately. Multiple small trades can better control risk and also prevent missing out on this wave of the market.