🔥$AUCTION Update: Potential Bottom and FOMO Retracement🔥
The weekly candle has closed above the main monthly support area, indicating a potential bottom. This extreme oversell area could lead to a 20-30% FOMO retracement upward.
Current Market Analysis
- Prices are consolidating between $19.50 and $22.00 on the M15 view.
- Volatility is high, making it essential to set stop losses.
Trading Strategy
- Taking a long position around the low of the range.
- Scalping inside the range with 2-3% TP.
Breakout Scenarios
- Bearish Case: Breakout downward could lead to $18.50, $16.50, and $15.00.
- Bullish Case: Upper main resistances at $21.90, $22.00, $26.40, and $27.20.
Are you bullish or bearish on $AUCTION ?