$AUCTION /USDT Technical Analysis 馃搳
Target Achieved: $18.07
Current Price Action: AUCTION/USDT is showing a +10.66% gain in the last 24 hours, breaking past key resistance levels. The current momentum reflects strong buyer interest in the 30-minute timeframe.
Next Potential Targets:
1. Immediate Resistance: $18.50
A breach above this level would signal sustained bullish sentiment.
2. Mid-term Target: $19.20
Resistance based on historical price levels and Fibonacci retracement.
3. Long-term Target: $20.00
Psychological round number that could act as a major resistance zone.
Recommendation:
Secure partial profits near $18.07 to lock in gains.
Tighten stop-loss to $17.50 to protect from potential reversals.
For aggressive traders, consider holding positions for the $18.50 and $19.20 levels.
Indicators to Monitor:
MACD: Look for bullish crossover for confirmation of upward momentum.
Volume: Increasing volume would validate breakout attempts.