Trade Signal Report: AUCTION/USDT
AUCTION/USDT is currently trading at $11.85, showing a slight positive trend of +0.17% despite a minor decline throughout the day. After a -1.09% drop today, the price has bounced off the support at $11.77 and established a short-term base on the 15-minute chart. This recovery, particularly with good volume around $11.80, indicates a short-term bullish setup.
Trade Signal:
Entry: $11.85
First Target (Target 1): $12.10
Second Target (Target 2): $12.30 (near the 24-hour high)
Stop Loss: $11.70 (below the 24-hour low)
Strategy:
Consider taking a long entry at the current price, placing the stop loss slightly below the recent low. The price bounce and the presence of strong buyers at support suggest that if the current momentum holds, the price could reach $12.10 to $12.30.
Risk Management Advice:
Always respect the stop loss and accurately assess the position size. If the price drops below $11.77, the bullish momentum may fade.
If you would like, I can also provide this report with charts or give a signal for another coin.