Is $DUSK finally catching a bid or is this just another trap?
The 1h chart has been a straight slide down for the last day, but we just saw a decent bounce off that 0.0785 level. It looks like it’s trying to consolidate here around 0.0817 after getting hammered. Volume is still pretty thin though, only about 1.6M USDT in the last 24 hours, so I wouldn’t call this a reversal just yet. If it can’t reclaim 0.0836 soon, we might just be flagging for another leg down. I’m watching that buy-side depth in the order book. It’s slightly leaning green at 56%, but it needs more aggressive buying to actually shift the trend.
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Is $DUSK finally catching a bid or is this just another trap?
The 1h chart has been a straight slide down for the last day, but we just saw a decent bounce off that 0.0785 level. It looks like it’s trying to consolidate here around 0.0817 after getting hammered.
Volume is still pretty thin though, only about 1.6M USDT in the last 24 hours, so I wouldn’t call this a reversal just yet. If it can’t reclaim 0.0836 soon, we might just be flagging for another leg down.
I’m watching that buy-side depth in the order book. It’s slightly leaning green at 56%, but it needs more aggressive buying to actually shift the trend.
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