Yello, Paradisers! Are you ready for what could be a critical moment for #AUCTIONUSDT? Here’s why this chart demands your attention right now.
💎After breaking its descending resistance trendline, #AUCTION has flashed a strong bullish signal. The price is now approaching the key demand zone at $16.70 to $15. If this area holds and we see bullish candle rejections, we could be gearing up for a strong continuation to the upside. This move could first target the minor resistance levels, with the potential to climb straight to the major resistance zone.
💎But beware of the downside risks. If AUCTION fails to rebound from the demand zone and breaks below it, the bullish scenario could unravel quickly. This would likely shift momentum downward toward the major support area at $12.50 to $11.
💎A rebound from this support zone and a reclaim of the demand zone would be essential to keep the bullish hopes alive. However, if the daily candle closes below $11, this would confirm a bearish trend, likely driving prices into deeper territory.
Play it safe, stay focused, and always trade like a pro. Only a few who master discipline will thrive in this game long-term. Let’s make sure you’re one of them.
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