DUSK has been in a downtrend over the past 3 days since the initial listing pump up, fully retracing to pre-listing price.
We've just broken out of the downtrend on the 30 minute chart had a first test of the valley. Looking to backtest the downtrend for a potential move up above 0.00001857.
This is still a risky setup so be sure to set proper stop losses if you're entering.
Entry: 0.00001810 - 0.00001840
Stop: 0.00001700 (below the current bottom, you can set tighter depending on your risk)
Targets:
0.00001982
0.00002134
0.00002365
We've just broken out of the downtrend on the 30 minute chart had a first test of the valley. Looking to backtest the downtrend for a potential move up above 0.00001857.
This is still a risky setup so be sure to set proper stop losses if you're entering.
Entry: 0.00001810 - 0.00001840
Stop: 0.00001700 (below the current bottom, you can set tighter depending on your risk)
Targets:
0.00001982
0.00002134
0.00002365
Comment:
Backtested the down trend at 0.00001780 and a big bounce from there, let's see if we can break 0.00001857.
Comment:
Update: First target hit at 0.00001982! We closed above and this is now acting as our support.
Moved stops up just below the uptrend to confirm profit if we break down.
Moved stops up just below the uptrend to confirm profit if we break down.