$AUCTION /USDT – BULLISH CONTINUATION SETUP
AUCTION has delivered a strong impulsive move with heavy volume expansion, signaling aggressive buyer interest. After a sharp rally, price is consolidating above key demand, suggesting strength rather than exhaustion. Structure remains bullish as higher highs and higher lows are intact, indicating potential for the next leg upward once consolidation resolves.
Market Bias: Bullish
Trade Type: Long
Entry Zone (Long): Pullback into the strong demand/support area
Targets (TP):
TP1: Previous intraday high zone
TP2: Upper resistance supply zone
TP3: Extended breakout continuation level
Stop Loss (SL): Below the major demand zone / recent swing low
Momentum indicators favor continuation, volume confirms participation, and volatility expansion supports a trend-following setup rather than a reversal.
Risk Management:
Risk only a small portion of capital per trade, maintain a minimum 1:2 risk-reward ratio, and trail stop loss after the first target is secured.
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