🚨 Alert for potential trading setup for AUCTION currency within one day
📉⚠️🔥📊
📌 Comment:
The AUCTION currency has seen a strong increase of over +180% in a short period, rising from $2.68 to $7.52 before slightly retreating to around $7.05 due to profit-taking after a sharp upward momentum.
This rise reflects a large influx of liquidity and the possibility of continuing the upward trend, provided that current support levels are maintained.
📊 Trading Setup:
🎯 Entry price: $7.05
🎯 Price targets:
🟠 $7.52
🔴 $10.00
💀 $18.00
🚫 Stop-loss limit: $5.90
📈 Risk-to-reward ratio: High | Reward = Potential
📉 Technical indicators:
• RSI: around 90 – indicates strong overbought conditions and the possibility of a near-term correction.
• MACD: in a clear bullish crossover indicating positive momentum in the short to medium term.
• Bollinger Bands: price above the upper band → high volatility and potential temporary correction.
• Support and resistance levels:
Support: $5.90 (potential re-test area).
Resistance: $7.52 – if breached, the price may head towards $10 or even $18.
📌 Notes:
• Significant increase in trading volume indicates strong interest from investors.
• Breaching short-term resistance enhances the likelihood of continuing the upward trend.
• It is preferable to wait for a correction towards $6.0–6.2 for a safe entry and to reduce risk.
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