$AUCTION AGGRESSIVE SPIKE, BUT CAN BULLS HOLD ABOVE $14?
AUCTION is trading at $14.06, up +0.57% after a sudden spike from sub-$13.70 levels. Price tapped resistance and pulled back slightly, suggesting indecision. Bulls need to reclaim control soon—or sellers may step back in.
Key Levels to Watch:
• Resistance: $14.45 – A breakout here could trigger renewed upside action.
• Support: $13.65 – Losing this support may invite deeper correction.
Trade Setup – Momentum Continuation or False Breakout?
Bullish Scenario:
• Entry Trigger: Break and close above $14.45
• Target 1 (TP1): $14.80
• Target 2 (TP2): $15.20
Bearish Scenario:
• Entry Trigger: Drop below $13.65
• Target 1 (TP1): $13.20
• Target 2 (TP2): $12.80
Stop-Loss (Risk Management):
• Longs: Below $13.65
• Shorts: Above $14.45
Volume Insight: 3.09K – Spike shows short-term trader interest. Keep an eye on continuation volume for confirmation.