$AUCTION Trade plan and analysis
**Analysis & Trading Plan for AUCTION/USDT**
Based on the provided data from 15m and 4h charts (May 17–22, 2025):
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### **Key Observations**
1. **Trend**: Uptrend supported by price above MA(7)/EMA(7) and rising RSI(24) (~62).
2. **Momentum**: MACD is positive but weak (0.008–0.076), indicating cautious bullishness.
3. **Overbought Signals**: RSI(6) >70 in multiple screenshots (up to 85.94), suggesting short-term pullback risk.
4. **Critical Levels**:
- Resistance: 24h High at **12.317** (immediate target).
- Support: MA(7) (~12.26) and MA(25) (~12.22).
- Stronger Support: 24h Low at **11.600** (distant, not ideal for tight stops).
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### **Entry Range**
- **Optimal Zone**: **12.26–12.30 USDT** (near MA(7) and current consolidation area).
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### **Stop Loss (SL)**
- **Exact SL**: **12.15 USDT** (below MA(25) and recent swing lows).
- *Rationale*: Limits risk while avoiding volatility from the 24h Low.
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### **Take Profit (TP) Targets**
1. **TP1**: **12.50 USDT** (psychological level beyond 24h High).
2. **TP2**: **12.80 USDT** (next resistance if bullish momentum accelerates).
3. **TP3**: Trailing stop if trend extends.
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### **Leverage**
- **Suggestion**: **3–5x** (balances risk from overbought RSI and potential upside).
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### **Summary**
- **Buy Zone**: 12.26–12.30 USDT
- **Stop Loss**: 12.15 USDT (strict)
- **Take Profit**: 12.50 (TP1), 12.80 (TP2)
- **Risk/Reward Ratio**: ~1:3 (e.g., 0.15 USDT risk vs. 0.45–0.50 USDT reward).
*Note: Monitor RSI(6) for overbought reversals and MACD for momentum shifts. Adjust TP if volatility spikes.*