AUCTION/USDT Technical Analysis: Potential Long Trade Setup

Introduction: In this technical analysis, we will examine the recent price movements of AUCTION/USDT and identify potential entry and exit points for a long trade. It is essential to approach trading with caution and not get swayed by FOMO (Fear Of Missing Out).

Price Action Analysis: Over the past seven days, AUCTION/USDT has experienced a significant price surge, with gains of approximately 300%. Such rapid increases often lead to volatile market conditions, making it crucial to avoid impulsive decisions. As of my analysis, it appears that Wave (III) has concluded, and a correction in the form of Wave (IV) is likely to occur. #Auction

Long Entry Strategy: For those looking to enter a long position, it is advisable to wait for the completion of Wave (IV). A retracement of around 40-50% from the peak of Wave (III) is anticipated. The ideal entry zone is expected to be between $8.88 and $10. Implementing a stop-loss strategy is essential to protect capital, and a suitable stop-loss level for this trade would be at $7.58. $AUCTION

Price Targets: If the price follows the expected pattern, the potential upside for this trade could be substantial. The primary price targets for the long trade are set at $17 and $22. This would represent significant gains for investors who can effectively manage their risk during the trade.

Risk Management: As with any trade, it is essential to prioritize risk management. Entering the market with a well-calculated risk-reward ratio is crucial for preserving capital and avoiding substantial losses. Remember that short trading opportunities may also be considered, but they may require a wider stop-loss placement due to potential higher volatility.

Disclaimer: This analysis is based on personal views and is not financial advice. Trading cryptocurrencies involves risk, and investors should exercise caution and conduct their own research before making any investment decisions.

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Each damn time i have closed a trade in a loss, yes, closed NOT liquidated, is when i have followed these bloodly doomsday naysayers, copy and paste content creators and signal givers on binance. I felt the pressure, double checked a chart dipping into red, re-read the content writers, finally convinced yes the market is dumping, i panic to close my trades, rather loss the $2 than a whole $40, right....WRONG. Here's what i should have focused on: A) Time, when it dips at a certain time, an hour or 2 later, its up. B) Trusted my own Strategy (be reality about this, you might be confident on a terribly wrong strategy🤣). C) That these dimwits are not actually trading, i should have noticed this with the copy and paste writeups and gone back to their previous posts to determine if they were any good. D) Looked at my personality, i enjoy research, so this is a walk over for me, that i am very carefully with money in my day to day life so my personality will definitelsy reflect in the type of safe trades i take. E) and my all time favourite, i am always damn RIGHT, this is something i seem to forgot quite abit, each time i have felt someone was not being truthful, bad energy, something terrible was going to happen but my friends, my heart said maybe you are wrong this time round, give a second chance, give an excuse for their bad behaviour....guess what i should have listened to those instincts in the first place.... Ooooohhhhh $BNB will go down as $PIXEL launchpool ends...... DOOMSDAY CONTENT CREATORS ON BINANCEAin't i glad i never closed those last 2 trades, wokeup to a neat profit, end of next week, both my spot and futures trades will be sitting at $400 each.As always documenting my journey. Enjoying myself and i have to say, $BNB #MKRUSDT #Auction #Super #NMR are giving me the best orgasms ever😎🤣🤣🤣