$AUCTION CRYPTO Trend Analysis
Downtrend Phase:
The price was in a strong downtrend earlier, as seen with candles forming below the EMAs.
EMAs were aligned bearishly (20 EMA < 50 EMA < 100 EMA < 200 EMA).
Reversal & Recovery:
The price found support around 13.10-13.20.
A bullish crossover happened when the price moved above the 20 EMA (red line).
The short-term uptrend is forming, but resistance is seen near the 100 EMA (cyan line) and 200 EMA (blue line).
$AUCTION Current Position:
The price is trying to break above the shorter EMAs.
If it clears the 100 EMA (14.34-14.38), it may target the 200 EMA (~14.59).
If rejected, it may fall back to 14.29 or lower.
Trade Plan
Long (Bullish Trade)
Entry: Above 14.38 (confirmed breakout above 100 EMA).
Target 1: 14.59 (200 EMA resistance).
Target 2: 14.80-15.00 (psychological resistance).
Stop-Loss: 14.29 (below 50 EMA for risk management).
Short (Bearish Trade)
Entry: Below 14.29 (if price fails at resistance).
Target 1: 14.10 (previous support zone).
Target 2: 13.80 (deeper support).
Stop-Loss: 14.45 (above recent highs to avoid whipsaws).
Final Thoughts
The price needs to confirm the breakout above 14.38 before entering long.
If rejection happens at 100 or 200 EMA, a short trade is possible.
Keep an eye on volume and price action near resistance levels for better confirmation.
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$AUCTION #PEPE #DODG✅ #BTC