$DUSK .. Can we catch the rebound? 📉📈
The currency is down more than 5%, but the chart gives a "positive short-term" signal.
Notice that the price rebounded from a low of $0.143 and started breaking through the small averages (the yellow and purple lines), which means there is an "intention" to rise and test the distant resistance.
📊 Trade plan (quick scalping):
🔹 Entry area (ride):
The current price of $0.149 is good, but it's better if you catch it with any slight relief at $0.147 (at the average line).
🚀 Targets (sell):
1- First target: $0.157 (at the wide purple line MA99 - this is the strongest resistance).
2- Second target: $0.165 (if it breaks strongly).
⛔ Stop loss (necessary):
Close a candle below $0.143 (the low it rebounded from).
(Breaking this number means the drop will continue, so don't resist).
💡:
The currency is currently in a "rebound wave".
Speculating on it is nice now for those who want to catch a quick profit of 5% to 7% and exit before it hits major resistance.