$AUCTION /USDT Market Analysis & Trade Signal (Binance) - 1H Chart
š Current Price: $11.96 (-1.16%)
š 24H High: $12.25 | 24H Low: $9.87
š 24H Volume: 10.19M USDT
Market Overview
Strong bullish movement in the last few hours, pushing the price from $9.87 to $12.25, a 24% increase.
After hitting $12.25, the price retraced slightly to $11.96, showing possible profit-taking.
High trading volume suggests continued interest and potential volatility.
Key Levels
š Resistance: $12.25 (recent high)
š Support: $11.50, $11.00
š Breakout Target: $12.50 - $13.00 (if resistance breaks)
Trade Signal & Strategy
ā Bullish Scenario:
If price breaks above $12.25, a long entry targeting $12.50 - $13.00 is favorable.
Stop loss at $11.70 to limit downside risk.
ā ļø Bearish Scenario:
If price falls below $11.50, a correction towards $11.00 is likely.
Stop loss above $12.10 for short positions.
š Monitor RSI and volume for confirmation before entry.
š¹ #cryptosignals #Binance #AUCTIONUSDT #Trading #CryptoAnalysis
