$AUCTION /USDT – BULLISH CONTINUATION SETUP
$AUCTION has posted a +5.8% gain, indicating bullish momentum after holding key support near 6.22. The price bouncing off the lower Bollinger Band and moving toward the midline signals a potential continuation of upward movement.
Technical Outlook:
Price action shows higher lows forming on the 1H and 4H charts, suggesting accumulation and renewed buying interest. Bollinger Bands expansion indicates increasing volatility with upside potential toward resistance levels.
Entry (Long): On retracement around 6.60 – 6.65
Targets (TP):
TP1: 6.80
TP2: 7.05
TP3: 7.30
Stop Loss (SL): Below 6.22
Risk Management:
Risk only 1–2% of total capital per trade. After TP1 is reached, shift SL to breakeven and trail stops upward to secure profits while riding the bullish trend.
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