On Monday, he was still boasting in the group: "DUSK has risen by 183% in a week, I went all in with all my assets." In just 4 days, it dropped by 50%, and tonight he called me, his voice was trembling.
This is a true reflection of the cryptocurrency world. When prices rise, you feel like Warren Buffett; when they fall, you're even worse than a retail investor.
The recent plunge of DUSK might be the best entry opportunity.
Why?
First, the fundamentals haven't changed. The DuskEVM mainnet is launching in January, and the €300 million tokenized securities project is progressing. In the RWA sector, institutional funds have not fully entered the market yet.
Second, the technical indicators are already oversold. RSI has fallen below 30, and the price has dropped below the lower Bollinger Band. This extreme panic is often a reversal signal.
Third, market sentiment is severely polarized. Retail investors are panicking and selling, while institutions are quietly positioning themselves. What are the smart money doing at this time?
I looked at the data. At the $0.15 position, it is already a local low. If it breaks below, the next support is at $0.144. But if it rebounds, the first target is $0.19, the second target is $0.21.
To put it simply, it's a gamble on probabilities. Panic of a 50% drop vs greed of a 183% rise, which one do you choose?
The strategy is very simple: small position long to test, stop loss at $0.144, target at $0.21. No all in, just use spare cash.
When prices rise, everyone is a genius; when they fall, you see who is swimming naked.
When others are fearful, I am greedy; when others are greedy, I am fearful. The current panic sentiment of DUSK might just be the best opportunity. dyor
@Dusk $DUSK #dusk #Dusk