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Is $DUSK actually preparing for a much bigger breakout or is this just a trap?
Look at that daily structure. We’ve been forming higher lows for a while now and prices just pushed up to 0.1372 with some decent momentum. It finally broke past that annoying resistance around 0.125 that was keeping us down.
The 24h volume is around 4.2M USDT which isn't huge but the order book looks healthy with 65% bids. That tells me there’s actually some solid interest sitting underneath to catch any dips.
If we can flip 0.14 into support then we might actually see a run toward the 0.16 level soon. If it fails here then I expect a slow drift back to retest 0.118 to see if the buyers are still there.
I’m liking the slow grind up more than a vertical pump because it builds actual support levels.
Keeping a close eye on how we close today. If the volume picks up this could get interesting very fast.
#GateSquareAprilPostingChallenge