Javeria Jacko0
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Bullish
$AUCTION
{future}(AUCTIONUSDT)
The chart shows a period of consolidation followed by a rejection, leading to a sharp decline. However, after reaching the $19.09 level, the price has stabilized, indicating strong support and potential accumulation by buyers. This prolonged consolidation phase suggests that selling pressure is weakening, and a reversal could be on the horizon.
With sellers exhausted and buyers stepping in, the price is likely preparing for an upward breakout. Once momentum builds, a bullish move could reclaim key resistance levels, making this an opportune moment to anticipate a trend reversal and a potential rally.
{future}(AUCTIONUSDT)
The chart shows a period of consolidation followed by a rejection, leading to a sharp decline. However, after reaching the $19.09 level, the price has stabilized, indicating strong support and potential accumulation by buyers. This prolonged consolidation phase suggests that selling pressure is weakening, and a reversal could be on the horizon.
With sellers exhausted and buyers stepping in, the price is likely preparing for an upward breakout. Once momentum builds, a bullish move could reclaim key resistance levels, making this an opportune moment to anticipate a trend reversal and a potential rally.
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