Swing Trading Signal of #Auction : Buy or Sell?
Potential Trade Setup:
Buy Entry: If the price holds above $19.22 support and starts to reclaim the $24-$25 range.
Stop Loss: Below the recent low at $19.00 to manage risk.
Take Profit Targets:
1st Target: $27.50 (near MA99 resistance)
2nd Target: $32.00 (previous consolidation zone)
Confirmation for Buy Signal:
RSI increasing from oversold levels.
Bullish reversal candlestick pattern (e.g., Doji, Hammer).
Increased buying volume.
If Bearish Continuation Happens:
If $19.22 is broken, expect further downside towards $16-$17 range.
Short positions can be considered if price fails to break above $25.