#Dusk/usdt
Summary of Analysis & My Technical View:
1. Current Market Trend
According to the chart, DUSK is currently in a downward trend or a correction phase. The Moving Averages (red and blue lines) are positioned above the price, indicating significant overhead pressure.
2. Key Levels (Fibonacci and Supply/Demand)
Support/Demand Zone: The blue band (demand zone) is situated around 0.03700. This is an area where the price has previously bounced.
Fibonacci Levels: The 0.618 ($0.0387) level is highlighted on the chart, which is often considered a strong support level in trading.
Supply/Resistance Zone: The red band (supply zone) at the top is around 0.04150. A new bullish trend is unlikely to start until the price breaks above this level.
3. Volume Profile (Visible Range)
The blue and yellow bars in the center (Volume Profile) show that the highest trading activity occurred near 0.04000. The price is currently hovering around this "Point of Control," meaning the market is indecisive about its next direction.
My Technical Opinion:
Slow Rebound: The price is attempting to rise slightly by leaning on a dashed trend line, but the momentum appears weak.
Condition for Upside: If the price stays above $0.0387 (the 0.618 level), it could retest the supply zone near $0.0410.
Risk Factor: If the price breaks below the demand zone ($0.0369), further decline is possible, with the chart indicating a target at the 1.618 ($0.0340) level.
Advice: Currently, it is a "Wait and Watch" situation. Taking a new trade could be risky until the price either breaks out above the supply zone or provides a strong signal at the demand zone.
