$AUCTION Ready for a Major Move? 🚀 Analysis & Levels!
Body:
$AUCTION /USDC is showing some serious strength on the 4H chart! After a period of consolidation, we are seeing a significant volume spike and a bullish candle pushing toward the recent highs. Is the breakout finally here? 📈
🎯 Trade Setup:
Entry Zone: 5.05 – 5.15 (Current Market Price)
Stop Loss (SL): 4.85
Target 1 (TP1): 5.45
Target 2 (TP2): 5.63 (Recent High)
Target 3 (TP3): 6.00+ (Psychological Resistance)
🔍 Technical Insight:
Moving Averages: The price has successfully crossed above the MA(7) and MA(25), and is currently fighting to stay above the MA(99) at 5.09. A solid close above this level is a very bullish sign!
Volume: We just saw a massive green volume bar, indicating that buyers are stepping in with force.
Support: Strong support is holding firm at the 4.92 level.
⚠️ Risk Management: AUCTION can be volatile. Always use a Stop Loss and manage your position size. Don't chase the pump, wait for the entry!
What do you think? Is AUCTION heading to $6 soon? Drop your targets below! 👇
Click Trade Here 👇🏻
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