$AUCTION /USDT Technical Analysis
Current Price: $16.87
Support Levels: $15.35, $14.80
Resistance Levels: $17.50, $18.16
Indicators Overview:
1. RSI (Relative Strength Index): 35 (Oversold zone, potential bounce expected).
2. MACD: Bearish, with declining momentum but possible reversal near support.
3. EMA (Exponential Moving Average):
50 EMA: $17.90 (acting as resistance).
200 EMA: $18.50 (major resistance zone).
Trade Signal: Long Entry
Entry Zone: $15.50 - $16.20
Stop-Loss: Below $14.80 (to minimize risk).
Targets ๐ฏ
1. Target 1: $17.50 (short-term resistance).
2. Target 2: $18.50 (key EMA resistance zone).
3. Target 3: $19.80 (potential breakout level).
Trade Momentum:
Short-term: Bullish Reversal likely if the price holds above $15.35 support zone.
Mid-term: Neutral to Bullish; requires volume confirmation near $17.50.
Long-term: Breakout above $18.50 will confirm a strong upward trend.
Advice:
Monitor volume closely. A spike in volume near $15.50 could signal a strong reversal.
Avoid over-leveraging; DeFi tokens like AUCTION can exhibit high volatility.