Crypto Patel

📈 AUCTION/USDT Technical Analysis: Potential Long Trade Setup $AUCTION

💡 Price Action Analysis:

AUCTION/USDT has seen an impressive 300% surge in the past week. However, it's crucial to approach trading with caution and not let FOMO (Fear Of Missing Out) guide your decisions.

📉 Long Entry Strategy:

Based on my analysis, Wave (III) seems to have been completed, and a correction in the form of Wave (IV) could be coming. If you're considering a long position, wait for the completion of Wave (IV). A retracement of around 40-50% from the peak of Wave (III) is expected.

🎯 Ideal Entry Zone: $8.88 - $10

⛔️ Stop Loss: $7.58

Price Targets:

Should the anticipated pattern play out, significant upside potential is possible.

Primary price targets for the long trade are set at $17 and $22.

#Auction #worldcoin #Altcoins #Cryptocurrency

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