Technical Analysis for $AUCTION /USDT
Current Price: $21.34 (+16.80% in the last 24 hours)
Trend: Bullish, as the price is currently up by 16.80% in the last 24 hours and near the 24-hour high of $22.58.
Support Levels:
First Support: $20.52 (SAR stop and reverse level)
Second Support: $18.82 (previous low)
Resistance Levels:
First Resistance: $22.58 (24-hour high)
Second Resistance: $24.00 (psychological level)
Momentum: Strong bullish momentum with a 24-hour volume of 22.23 million USDT, indicating active buying interest.
Indicators: The price is currently above key support levels, indicating an uptrend. Watch for potential breakouts above $22.58.
Trade Signal:
Trade Type: Buy (Bullish setup)
Entry: Buy around $21.34 (current price)
Target Levels 🎯:
1. Target 1: $22.58 (24h high resistance level)
2. Target 2: $24.00 (psychological resistance level)
3. Target 3: $25.00 (next key resistance)
Stop Loss: Place a stop-loss below $20.52 (SAR level) for risk management.
Trade Momentum: Positive, with a strong uptrend and increasing trading volume supporting continued bullish movement.
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