$AUCTION

/USDT Technical Analysis and Trade Signal🚀🎯

Current Price: $17.34 (+6.18%)

Trend: Bullish

Key Levels:

Resistance: $17.40 (Upper Bollinger Band)

Support: $16.10 (Lower Bollinger Band)

Indicators:

Bollinger Bands (20, 2): Upper Band at $17.40, Lower Band at $16.10, Middle Band at $16.75

SAR: $16.83 (Suggesting a bullish trend)

EMA/MA: Showing upward momentum

MACD: Positive momentum indicating a potential continuation of the current uptrend

Volume: 24h volume at 6.52M USDT, showing decent activity, suggesting market participation.

Target Levels:

1. Target 1: $17.60 (If the price continues to break above the resistance at $17.40)

2. Target 2: $18.00 (Next significant resistance zone)

3. Target 3: $18.40 (Extended bullish move if momentum holds)

Trade Signal:

Buy Entry: If the price sustains above $17.35, consider entering long with confirmation from the SAR and MACD.

Stop-Loss: Below $16.10 to manage risk if the price reverses.

Take-Profit: Set take-profit levels at $17.60, $18.00, and $18.40 based on the breakout momentum.

Trade Momentum:

The current momentum is strongly bullish with a positive 24-hour change of 6.18% and continued upward movement. The SAR is also supporting this bullish trend, confirming that long positions can be considered as long as the price holds above $16.75 (middle Bollinger Band). The MACD is showing strength, suggesting that the bullish momentum could extend towards the target levels.

Summary: If the price remains above the middle band ($16.75), a continuation towards $17.60 or higher is possible. Watch the volume and MACD for confirmation of strength in the trend.

#BSCOnTheRise #MarketInTheGreen #BinanceHODLerTHE #MarketInTheGreen