AUCTIONUSDT trade ideas
Volume Trade
AUCTION/USDT is presenting a compelling short setup, supported by technical indicators and volume analysis. The model is projecting that the pair shows clear signs of weakness around key resistance levels, making it an attractive opportunity for traders looking to capitalize on a downside move. The strategy involves building a short position at $17, targeting $16.120 with 100x leverage for a potential profit of at least 450%. Volume patterns confirm waning bullish momentum, with selling pressure likely to dominate near current price levels. Additionally, scaling into the position around $18 offers the potential to maximize returns if the price struggles to break higher.
**Key Levels to Watch**
-Entry Zone: $17
-Target: $16.120
-Leverage: 100x
-Resistance Level for Additional Entry: $18
-Partial Take-Profit Margin of Error: 0.187%
This setup balances risk and reward effectively, leveraging volume-driven signals and precise technical levels to minimize risk. Tight management of the margin of error (0.187%) for partial take-profits ensures disciplined exits while maximizing gains. For traders who execute carefully, this strategy offers a lucrative opportunity to capitalize on the anticipated downward move in AUCTION/USDT.
Bounce Token (AUCTION) completed a setup for upto 15.50% pumpHi dear friends, hope you are well and welcome to the new update on Bounce Token (AUCTION) with US Dollar pair.
Previously we caught almost 25% pump of AUCTION as below:
Now on a 4-hr time frame, AUCTION has formed a bullish Butterfly move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
#AUCTION Technical Analysis in a Weekly TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
AUCTION is currently in a downtrend but is expected to soon break above the triangle and the 21 EMA resistance. This breakout is crucial, and once confirmed, we could see a rally up to $100.
Last October, when AUCTION broke above the resistance trendline, it made a parabolic move, gaining 6x-7x within a couple of months. A similar move can be expected once the breakout is confirmed.
In the event of a rejection, the support line at $10.85 is likely to hold the price.
Key levels:
- Crucial Point: A breakout above the triangle and the 21 EMA.
- Lower Support: $10.85.
- Target: $70-$100.
DYOR, NFA.
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AUCTIONUSDT: falling wedge about to break-out!!Join our community and start your crypto journey today for:
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Let's analyse AUCTIONUSDT both fundamentally and technically.
FUNDAMENTAL ANALYSIS:
Bounce Token (AUCTION) is a cryptocurrency used on the Bounce finance platform, which facilitates decentralized auctions and token sales. It enables governance participation, pays transaction fees, and rewards users for engaging in the ecosystem. The platform focuses on buying and selling digital assets, including NFTs.
TECHNICAL ANALYSIS:
AUCTION is currently trading within a falling wedge pattern, suggesting a potential reversal. The price is near a key support level, and recent price action indicates accumulation. A significant increase in trading volume over the past 24 hours further supports a bullish trend.
If AUCTION breaks out of the falling wedge, a rapid pump could follow.
Buying Levels:
$12.18 to $13.68 (upper support)
$7.27 to $8.29 (lower support)
Target Levels:
$27.51
$45.85
$71.35
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Auction analysis (4H)From the place where we put a red arrow on the chart, the AUCTION correction has started.
This correction seems to be a diametric.
We now seem to be in wave F of this diametric.
We are looking for sell/short positions in the supply range.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
AUCTIONUSDT: Will This Breakout Lead to a Major Rally or a Fall?Yello, Paradisers! Are you ready for what's coming next with #AUCTION? We've been keeping a sharp eye on #AUCTIONUSDT, and things are heating up:
💎The recent breakout of #AUCTION above the descending resistance, now turned support at $20.91, is setting the stage for a potentially explosive move.
💎The symmetrical triangle pattern has finally given us the breakout we’ve been waiting for, and the next big target to watch is the key resistance level at $31.21. If #BounceToken can maintain its momentum here, we might be on the brink of a powerful bullish rally, echoing previous surges.
💎But there's a crucial twist—if the momentum fizzles out at $31.21, we could see a pullback. In that case, keep your eyes on the lower demand zone around $11.90 for a possible bullish rebound. This is a critical juncture, Paradisers, and staying alert is non-negotiable.
💎Be extra vigilant around the demand area at $8.80. A daily close below this level could shatter the bullish outlook and pave the way for deeper declines.
Stay focused, patient, and disciplined, Paradisers!!
MyCryptoParadise
iFeel the success🌴
LONG #AUCTIONUSDT from $22.3352h TF. There is an active buyer on the coin, who, with bursts of volumes, once again presses the price to a clear resistance level, behind which there is unrealized liquidity. Also, at the moment, there is a strength of buyers in actively pushing the price under the level.
I will consider the breakdown of resistance on the volumes and acceleration of the tape of transactions in the glass.
1TP — 22,549
2TP — 22,763
3TP — 23,003
AUCTION ANALYSIS (breakout)🔮 #AUCTION Analysis - Breakout 🚀🚀
💲💲 In daily time-frame,Falling Wedge Pattern is forming and trying to breakout the pattern ✅
Right now we could see a breakout and retest in #AUCTION. After that we would expect a bullish movement in #AUCTION🚀
💸Current Price -- $17.27
📈Target Price -- $35.20
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#AUCTION #Cryptocurrency #Breakout #DYOR
Auction Getting Ready For 200% Bullish Wave Auction Looks Attractive Here Foe Midterm After Strong Bullish Wave Auction Almost Completed Its Healthy Correction And Now On Verge Of Falling Wedge Breakout While Rsi Printed Massive Bullish divergence Expecting Successful Breakout Soon Incase Of Successful Breakout Expecting 200% Bullish Wave
AUCTIONUSDT.1DThis technical analysis of the AUCTION/USDT chart captures the recent market behaviors and provides an insight into what might be expected in the near future.
Key Observations:
Current Price and Movement:
AUCTION is currently trading at $17.02, having faced a sharp decline of 14.17% on the day, which indicates significant volatility.
Support and Resistance Levels:
R1 (Resistance Level 1): $22.21 - This is the immediate resistance level the price might face upon any rebound.
S1 (Support Level 1): $12.36 - This support level is crucial as it represents the nearest floor that could potentially halt further declines.
Technical Indicators:
MACD (Moving Average Convergence Divergence): The MACD line is below the signal line but close to converging, suggesting a potential shift in momentum from bearish to less bearish or even bullish.
RSI (Relative Strength Index): The RSI is at 52.83, indicating a somewhat neutral stance but leaning towards neither overbought nor oversold conditions.
Analysis and Conclusion:
The recent sharp drop in AUCTION's price to $17.02 has likely been influenced by broader market dynamics or specific events related to the asset. The proximity to the S1 support level at $12.36 suggests that the market could be testing this threshold soon, especially if bearish sentiment continues.
Given the current setup, if the market finds stability around S1, there could be a potential for a price recovery towards R1 at $22.21. The near convergence of the MACD lines also hints at a possible easing of the bearish pressure. Traders should watch for any bullish crossover in the MACD as a confirmation of changing momentum.
In summary, the market for AUCTION/USDT appears to be at a critical juncture, with key levels to watch at $12.36 for support and $22.21 for resistance. Investors should monitor these levels closely, along with any macroeconomic factors or news specific to AUCTION that could influence market sentiment. This analysis should serve as a basis for making informed trading decisions while incorporating real-time data and risk management strategies.
AUCTION ANALYSIS🔮 #AUCTION Analysis 🚀🚀
In daily timeframe, falling wedge pattern is forming ✅
Right now, #AUCTION is trading around it's crucial level 🚀 🚀 if #AUCTION breaks this level then we will be target for 50% in few weeks 💸 💯🚀
💸Current Price -- $21.45
📈Target Price -- $35.40
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#AUCTION #Cryptocurrency #DYOR
AUCTION Swing LongI am already in a spot position average buy around 17.5.
But from here LL longing dca below 21 with tight stoploss if clean breaks below 20.
I think if this holds here we are going to see a massive rally on this one.
The RR from here is way too much and i am ready to take a risk on it.
Targeting 70 not less not much.
Let's Go.
Note: Not a Financial Advise.
Auction to $16Since publishing the long idea in late August at $4.29 (orange circle) price action has zoomed up 1000%. Not bad. A number of reasons now exist to be short. They include:
1) Price action has arrived at significant support and resistance, $41.
2) RSI is @ 95 on the 5-day, 97 on the weekly chart. The highest in the history of this chart.
3) Price action is four sigmas from the Bollinger Band mean. Four! (see 5-day chart below). How significant is this? If you’re a probability nerd like myself, you’ll know. If you should take away anything from this it is, Price action will ALWAYS interact with the Mean 90% of the time (the orange middle line). Right now that price is $11.
4) Some other reasons said elsewhere.
Is it possible price action keeps going up? Sure.
Is it probable? No.
Ww
Type: trade
Risk: 2-3%
Timeframe for short: Couldn’t say
5-day Bollinger Band
