$AUCTION based on the current #AUCTIONUSDT 15m, 4h, and 1D charts:
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[AUCTIONUSDT] Caution Zone or Bottoming Out? Watch These Levels!
Current Price: $11.11 (-2.75%)
AUCTION is still in a clear downtrend, but the latest bounce from $10.86 shows some short-term buyer interest. Is this just a relief rally, or the start of a deeper reversal?
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15M Chart:
Price bounced from $10.86 to above EMA7 & EMA25.
RSI: 61.8 → short-term strength building.
Stoch RSI: 93 → possibly near overbought zone.
MACD flips green → momentum shift forming.
Short-term bullish, but $11.30–11.40 is a tough ceiling to crack.
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1D Chart:
MACD still deep in the red zone.
RSI rising slightly, but still under 45 → bearish bias intact.
Price rejected EMA cluster around $11.20–$11.30 area.
Volume spike shows potential reversal interest, but no confirmation yet.
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4H Chart:
Price trying to build structure above the previous low ($10.86).
RSI still weak at 28.5 → oversold bounce potential.
Stoch RSI and MACD slowly turning up — early signs, not yet strong.
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Market Summary:
Short-term trend: Bullish bounce
Mid-term trend: Still bearish
Rebound probability to $11.40: 60%
Breakout above $11.60 (EMA50/99): 30% chance unless volume surges
Risk of retest $10.80 or lower: 40%
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Potential Strategy:
Scalp/short-term buy: $11.00–11.10
Target: $11.30–11.40
Breakout buy: above $11.50 with volume
Stop-loss: $10.80
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Conclusion: Not fully bullish yet — but short-term reversal is in play. Monitor volume and EMA resistance zones closely before committing big. Stay nimble!
