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DUSK's recent market movement can be regarded as a classic bearish trap. The price started to gradually rise from a low point, repeatedly testing the range between 0.238 and 0.240, with both bulls and bears probing here. Bears saw this level as if they encountered an iron gate that couldn't be broken through, so they added positions and shorted, leading to an increasing number of short positions.
What happened next? A sudden bullish candlestick appeared on the 15-minute chart, directly breaking through the 0.242 resistance line. At that moment, the bears hadn't reacted yet, and the price soared instantly to 0.25785 or even higher. Stop-loss orders were triggered en masse, causing a chain reaction of liquidations that pushed the price even higher.
Retail traders chasing the high were now firmly pinned at the top, while institutions had already quietly started selling at high levels. The market is likely to fall back and test the bottom again, continuing this oscillating process. This is the game of the market—someone always has to pay tuition at these turning points.