AUCTION/USDT Technical Analysis
Current Price: $16.87 (-5.54%)
Key Levels:
Support: $15.35, $14.80
Resistance: $17.50, $18.16
Indicators Summary:
1. RSI (Relative Strength Index): 35 (Oversold, potential bounce expected).
2. MACD: Bearish with weakening momentum; potential reversal near support.
3. EMA (Exponential Moving Average):
50 EMA: $17.90 (resistance).
200 EMA: $18.50 (major resistance zone).
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Trade Setup: Long Entry
Entry Zone: $15.50 - $16.20
Stop-Loss: Below $14.80
Targets 🎯:
1. Target 1: $17.50 (short-term resistance).
2. Target 2: $18.50 (key EMA resistance).
3. Target 3: $19.80 (breakout potential).
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Momentum Analysis:
Short-term: Likely bullish reversal if the price holds above $15.35.
Mid-term: Neutral to bullish, pending volume confirmation near $17.50.
Long-term: Breakout above $18.50 will confirm an uptrend.
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Advice:
Monitor volume closely; a spike near $15.50 could signal a strong reversal.
Avoid over-leveraging; AUCTION, like many DeFi tokens, is highly volatile.