$AUCTION
Buy Points:
• Buy on Support:
• Buy on a retest of $12 with a stop loss below $10.50.
Buy on Breakout:
• Enter on a clear break of the upper resistance level of the pattern (upper black line), especially if the price exceeds $16 with confirmation of the breakout (a candle close above the level).
Sell Points/Profit Targets:
• 1st Target: $17.31 (first resistance level after the breakout).
• 2nd Target: $20.90 (intermediate resistance level).
• 3rd Target: $24.89 (important Fibonacci level).
• 4th Target: $43.19 (long-term long-term resistance level).
Risk Management:
• Stop Loss:
• If bought on support, place a stop loss below $10.50.
• If bought on breakout, place a stop loss below
the previous resistance line or $14 level.
$AUCTION
