$DUSK /USDT 4-Hour Chart – Short-Term Analysis:
Trend: The chart shows a downtrend with lower highs and lower lows. Recent candles have long upper wicks, indicating selling pressure at higher levels.
Key Levels:
Resistance: Near 0.0690–0.0700 (previous highs and rejections).
Support: Around 0.0650–0.0660 (recent lows). A break below could target 0.0620.
Volume & Momentum: The red volume bars (selling pressure) are dominant, confirming bearish momentum. RSI (if shown) is likely below 50, indicating weakness.
Pattern: Price is consolidating in a falling wedge/descending channel. A break above the upper trendline could signal a short-term reversal.
Outlook:
Bearish below 0.0690. Look for sell setups near resistance.
Bullish reversal only if price breaks and holds above 0.0700 with strong green volume.
Watch: Today's low at 0.0675. If broken, expect further downside toward 0.0660–0.0650.
Trade idea:
Sell near 0.0685–0.0695 (resistance zone) with stop-loss above 0.0705, target 0.0660.
Buy only if price reclaims 0.0700 with volume, targeting 0.0720.
Note: Always use stop-loss and confirm with additional indicators (RSI, MACD) before trading.