$AUCTION /USDT – Bearish Momentum with Price Action Consolidation

Momentum Analysis

AUCTION/USDT is currently experiencing a bearish trend with a price drop of 9.60%. The market is consolidating between a narrow range of 14.79 - 16.56, and further downside could be expected as it approaches key support levels.

Trading Data

Current Price: $14.88

24h High: $16.56

24h Low: $14.79

24h Volume (AUCTION): 622,275.78 AUCTION

24h Volume (USDT): 9.67M USDT

Long Setup

Entry Zone: Consider entering near $14.79 for a potential bounce.

Targets:

T1: $15.23

T2: $15.51

T3: $15.55

Stop Loss: $14.50

Breakout Confirmation Level

Key Resistance: $16.00 (Break above this could trigger upside movement).

Key Support: $14.79 (Support at this level could lead to short-term bounce).

Pro Tip for Traders

Watch for signs of rejection around $14.79. If price fails to hold here, consider adjusting your position. Keep an eye on volume levels for more confirmation.

Relevant Hashtags

#AUCTIONUSDT #CryptoTrading #BearishTrend #SupportZone #BreakoutTrading