$AUCTION /USDT Trading Signal – Testing Resistance Levels
Current Price: $17.94 (+3.28%)
24h Range: $17.31 - $18.26
24h Volume: 555,267.57 AUCTION
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Observation
$AUCTION has bounced back strongly, testing resistance at $18.26. The bullish momentum suggests a potential breakout if buyers maintain their pressure. However, a slight pullback could create new entry opportunities around the support zone.
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Trading Plan (1H Timeframe)
Long Entry: $17.80 - $18.00
Targets:
T1: $18.50
T2: $19.00
T3: $19.50
Stop Loss: $17.50
Alternate Plan:
If price breaks below $17.70:
Short Entry: $17.70 - $17.40
Targets:
T1: $17.00
T2: $16.60
Stop Loss: $18.10
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Analysis
MACD is approaching neutral territory, signaling consolidation. A breakout above $18.26 could push towards the $19 mark, while failure to hold $17.70 might lead to deeper corrections.
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Strategy Advice
Monitor trading volume for breakout confirmation. Secure partial profits at target levels and adjust stop-losses to lock in gains as the price moves favorably.
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