BREAKOUT SETUP — $AUCTION /USDT
Trend: Bullish (momentum continuation after explosive expansion)
AUCTION just printed a strong impulse leg with heavy volume, followed by a controlled pullback into a key demand zone. This is classic breakout–retest behavior. As long as structure holds, the bias stays firmly bullish.
Entry Zone:
6.40 – 6.80
(Previous breakout area + rising MA support)
Targets:
Target 1: 7.60 — first liquidity pocket / short-term resistance
Target 2: 8.40 — prior rejection zone, momentum extension
Target 3: 9.20 — breakout high retest and trend continuation objective
Stop Loss:
5.95 — below structure and invalidation of bullish setup
Trade Logic:
Price expanded aggressively, volume confirmed strength, and the pullback is corrective, not impulsive. Buyers are defending higher lows. A hold above the entry zone sets up continuation toward the highs.
Risk is defined. Upside is asymmetric. This is a momentum trader’s market.
Let’s go $AUCTION
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