DUSK's current market rally is indeed fierce, with a 33.5% surge over 24 hours, bringing the price almost up to the previous high of 0.1588. From a technical perspective, the RSI has already shot up to 86.5, firmly entering the extreme overbought danger zone. All major moving averages are being pushed down, making it look extremely strong on the surface.
But there are quite a few issues here. This kind of movement is a typical FOMO top-finding pattern—everyone is bullish and buying in, pushing the price higher and higher. However, once some traders start taking profits, the entire situation could turn around instantly. The extreme overbought condition itself is a warning, indicating that market sentiment is being driven by emotion rather than rationality.
Just wait and see, a big red candle could come at any time, smashing through the funds that chased in at these high levels. At this point, it's still wise to be cautious and not get blinded by the recent gains.
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probably_nothing_anon
· 18h ago
This RSI is already at 86.5, and you're still chasing? Truly clueless, just wait to get dumped on haha
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33.5% in one day? Sounds bullish, but FOMO trading is always like this. There will always be bagholders at the high
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Still daring to buy when overbought to this extent, serves you right
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A big red candle is ready at any time, I'm just sitting here watching the show
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Another typical emotional market, where's the rationality? It was eaten up by greed long ago
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Breaking 86 on RSI, after ten years of trading crypto, you should have learned something
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Stop talking, my friend bought in at 0.15, now he's regretting it to death
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This kind of surge looks exciting, but a drop is even more satisfying. You can hear the sound of people cutting losses
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FOMO's fate, you can never escape it
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Those who bought at the high will have to suffer some pain. That's how the market teaches us
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Waiting for a reversal, it's only a matter of time
View OriginalReply0
gas_guzzler
· 19h ago
Bro, this wave of gains is really awesome, but RSI 86.5 is honestly a bit scary, feels like a rug pull could happen at any moment
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A 33.5% surge in one day, isn't this a classic emotional pump? Let's wait and see who runs first
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Oh my god, it's the same old trick, every time it's FOMO pushing it up and then a big red candle taking it down, I've learned to be smarter
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Brothers who bought at high levels, just wait and see, history always repeats itself
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RSI breaking 86, how crazy is that? I bet five bucks the next move will be ugly
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No hype, no blackening, this trend does look fierce, but I'm still a bit scared to chase
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Another extreme overbought case, when will retail investors learn their lesson?
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Feels like another big dip is coming, get ready
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That 33.5% increase... forget it, I'll stay on the sidelines, afraid of getting caught
View OriginalReply0
DataBartender
· 19h ago
33.5% in one day, rising so aggressively. RSI has soared to 86. Isn't this a textbook case of FOMO chasing the top? It will crash sooner or later.
View OriginalReply0
StillBuyingTheDip
· 19h ago
Haha, this wave of FOMO is really outrageous. The RSI is off the charts, and people are still rushing in. I just smile and say nothing.
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33.5% in one day? Wake up, everyone. This is not a pie, it's a trap.
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Just wait, a big bearish candle will knock on the door at any time, and then there will be a bunch of accounts deleted.
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It's the same old story. The FOMO traders at high levels will never learn.
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I bet five dollars that this coin will return to 0.12 next week, believe it or not.
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This TM is a typical emotional market. Rationality has long since left the market.
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But I will still buy the dip, haha.
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All moving averages broken? That's just my signal to get in.
DUSK's current market rally is indeed fierce, with a 33.5% surge over 24 hours, bringing the price almost up to the previous high of 0.1588. From a technical perspective, the RSI has already shot up to 86.5, firmly entering the extreme overbought danger zone. All major moving averages are being pushed down, making it look extremely strong on the surface.
But there are quite a few issues here. This kind of movement is a typical FOMO top-finding pattern—everyone is bullish and buying in, pushing the price higher and higher. However, once some traders start taking profits, the entire situation could turn around instantly. The extreme overbought condition itself is a warning, indicating that market sentiment is being driven by emotion rather than rationality.
Just wait and see, a big red candle could come at any time, smashing through the funds that chased in at these high levels. At this point, it's still wise to be cautious and not get blinded by the recent gains.