Dear Family!
$AUCTION just printed a strong impulsive breakout on the 1H chart, clearing the 5.10–5.20 resistance zone with a sharp expansion candle.
✅ Structure is turning bullish – higher lows formed near 4.75–4.80
✅ Momentum buyers stepping in – as long as $AUCTION holds above 5.15, continuation toward the next liquidity zone is likely
⚠️ Warning: Drop below 5.00 would weaken short-term momentum → possible fake breakout
AUCTION
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Trade Setup:
Current Price: 5.51 (+11.31%)
Entry Zone: 5.25 – 5.40
Targets: 5.70 / 6.00 / 6.40
Stop Loss: 4.98
Strong breakout move, but it’s better to wait for small pullbacks instead of chasing the spike.