$AUCTION has rallied toward the 24-hour high but is now facing strong resistance at the convergence of the MA(7) and MA(25). The price is showing signs of exhaustion with low volume and is trading near the upper limit of its recent range. The longer-term bearish trend and overbought conditions on higher timeframes increase the likelihood of a pullback.

Entry Zone:

5.09 – 5.16

TP1:

4.97

TP2:

4.90

TP3:

4.83

Stop Loss:

Above 5.22

Risk Management:

Enter with a partial position and add only on a clear rejection. Risk no more than 1-2% of your trading capital.

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trade here $AUCTION

AUCTIONUSDT

Perp

5.052

+3.73%