DUSK Trading strategy 📈
The price is moving in a descending channel on the 1-hour timeframe and is expected to break out and continue upwards.
We have a trend to stabilize above the 100-period moving average again.
We have a downtrend on the RSI indicator, which supports an upward move if it breaks above it.
We have a key support zone in green that pushed the price higher at 0.0700.
Entry price: 0.0823
First target: 0.0934
Second target: 0.1027
Third target: 0.1150
For risk management, don't forget your stop-loss and capital management.@Dusk
The stop-loss is below the support zone in green.
Upon reaching the first target, take some profits and then change your stop-loss order to an entry order.
For any questions, please comment.
Thank you.
DUSK
0.1048
-3.05%