Trading Signals for $AUCTION (Bounce Token)
Action: Long and Short Positions
Entry Range: $18.80 - $20.20
Stop-Loss (SL): 0.5%-1.5% below the entry price
Take-Profit (TP):
Long: $21.00 - $22.50 (2%-15%)
Short: $18.00 - $17.50 (2%-15%)
AUCTION (Bounce Token) is currently experiencing a high trading volume with a 24h Vol/Mkt Cap ratio of 175.92%, indicating strong short-term price action. The token's price dropped -6.64% in the last 24 hours, settling around $19.52. The consolidation between $18.80 and $20.20 presents a scalping opportunity for both directions, considering the volatility and momentum.
For long positions, watch for a breakout above $20.20 with strong volume confirmation and target $21-$22.50. Conversely, for short positions, look for rejection around $20.20, aiming for a retrace to the $18-$17.50 support zone.
Set tight stop-losses to limit risk, as AUCTION is highly volatile, and adjust trade sizes accordingly.
🥂 Trade Here👇$AUCTION
🚨 Note: Trade at your own risk; this signal is not guaranteed. DYOR.
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