Technical Analysis & Trade Signal for $AUCTION

/USDT

Current Price: $20.77

Momentum: Bullish (+16.69% in 24h)

Technical Overview:

1. Trend: The price is recovering strongly, breaking resistance levels near $20.

2. Volume: Significant trading volume (21.4M USDT) indicates market interest and strong price action.

3. Indicators:

RSI: Over 60, suggesting bullish momentum but approaching overbought.

MACD: Bullish crossover confirms upward strength.

Support & Resistance:

Immediate Support: $19.10

Immediate Resistance: $22.58

Trade Signal:

Buy Signal: Entry near $20.50 - $20.80 (on a pullback).

Target 🎯 Levels:

1. Target 1: $22.00

2. Target 2: $23.50

3. Target 3: $25.00

Stop Loss: $18.90

Momentum Outlook:

With strong buying interest and bullish indicators, a breakout above $22.58 could lead to the next targets. Monitor resistance levels closely and adjust your strategy based on trading volume and momentum.

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