#Write2Earn š Riding the AUCTIONUSDT Wave: Trade Breakdown & Outlook
Hey traders and crypto enthusiasts! Today, Iām excited to break down a fascinating setup on AUCTIONUSDT thatās caught my eye ā and maybe yours too.
Currently, AUCTION is trading at $11.328, showing a modest +0.25% gain. But whatās interesting isnāt just the price ā itās the pattern unfolding on the chart.
š Chart Analysis
Weāre looking at a rising channel on the 1-hour timeframe, with price bouncing between support and resistance. Check out that sharp hand-drawn projection on the chart ā yes, that big upward swing! It suggests potential bullish momentum, possibly pushing us past the recent 24h high of $11.402.
The volume also tells a story:
⢠AUCTION 24h Vol ā 844,625
⢠USDT 24h Vol ā 944M
This indicates decent liquidity, so price moves could be meaningful. Also, note that buy-side interest (30.81%) still trails behind sell pressure (69.19%) ā a potential sign that if we break out, we could see a short squeeze.
š Key Levels to Watch
⢠Support: $11.29 ā $11.25
⢠Resistance: $11.45 and above
⢠MACD & RSI: Showing early bullish signals ā worth watching for confirmation.
āļø Trade Idea
If youāre thinking of jumping in:
⢠Conservative entry ā near support
⢠Aggressive entry ā on breakout above $11.45
⢠Stop loss ā below $11.25
⢠Take profit ā scale out around $11.60ā$11.80 or higher if momentum picks up
ā ļø Reminder: Always DYOR (do your own research) and manage risk!
ā¤ļø Like, Share & Follow
If you enjoyed this trade breakdown and want more real-time analysis, hit that Like, Share, and Follow button! Letās grow this trading community together and ride these crypto waves like pros.
Stay tuned for more updates ā weāre just getting started!
$AUCTION #crypto #trading #Auctionusdt $AUCTION