$AUCTION is trading around 5.06 USDT, showing a 24-hour gain of approximately 3.7%. After a significant upward impulse to 5.19, the price is now in a consolidation phase above crucial intraday support. This suggests a continuation pattern is more likely than a reversal.

On the 1-hour chart, the structure is positive:

A strong impulse originated from the 4.99 demand zone.
A pullback is forming higher lows, indicating buying interest.
Selling pressure is diminishing as price approaches support.
Momentum is moderating, but the overall structure remains robust.

Trade Setup:

Entry Zone: 5.00 – 5.08
This zone represents an accumulation area near support.

Target 1: 5.25
Target 2: 5.55
Target 3: 5.95

Stop Loss: 4.82
This SL is placed below recent demand and structural invalidation points.

Key Levels & Scenario:

Immediate resistance is observed at 5.20.
A decisive 1-hour close above 5.20 with increased volume would confirm a continuation.
Maintaining a hold above 5.00 validates the bullish outlook.

If $AUCTION reclaims 5.20 with strong trading volume, this consolidation could lead to an upward breakout. This would open up potential for significant expansion towards higher resistance levels. Prudent risk management is paramount during these breakout conditions.

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