$AUCTION Perfect—here’s how we can structure this visually and track it with a signal strategy: do your own research first 🙏 🙏 🙏 🙏
---
A. Visual Chart Markup Guide
Support Zones (Green lines):
$11.17 — Critical short-term support.
$7.00 — Strong historical support (last consolidation zone).
Resistance Zones (Red lines):
$14.00–$14.42 — Immediate resistance range if price bounces.
$17.43 — The breakdown area after the massive rally.
Key Indicators to Use:
MACD: Look for a bullish crossover as a signal of trend shift.
Volume: Rising volume + green candles near support = bounce potential.
Moving Averages (MA5 and MA10): Watch for a crossover as a trend reversal sign.
---
B. Signal Strategy Plan
1. Bearish Breakdown Signal
Trigger: 1D candle closes below $11.17 with increasing volume.
Action: Go short or sell your position.
Stop-Loss: $11.50
Take Profit 1: $9.80
Take Profit 2: $7.00 (scale out if riskier)
2. Bullish Bounce Signal
Trigger: Hammer, bullish engulfing, or doji candle near $11.17 with uptick in volume.
Confirmation: Next candle breaks above that candle’s high.
Entry: Around $11.30–$11.50
Stop-Loss: $11.00
Take Profit 1: $12.50
Take Profit 2: $14.00+