#CryptoTrading. #technicalanalyst #Signal🚥. 📊 Technical analysis
$AUCTION /USDT — 15min/1h timeframe
Current price ≈ 7.4443 USDT
+48.03% strong parabolic pump from ~4.79 lows, explosive breakout, now slight pullback after hitting ~7.792 high.
Price action & Bollinger Bands:
Price near upper BB (UP ~7.227, MB ~5.597 support, DN ~3.967). Bands massively expanded on volatility spike, price hugging upper band with red candle — classic overextension, short-term pullback/consolidation likely.
Volumes:
Current ~7.26M, MA(5) ~6.05M, MA(10) ~3.19M — huge volume surge on pump candles, supports rally; watch for fade on red.
Key indicators:
• MACD: Strongly positive (DIF 0.536, DEA 0.285, MACD 0.252), histogram bullish — very strong momentum.
• RSI(6/12/24): 87.16 / 88.63 / 87.19 — deeply overbought, clear exhaustion signals.
Extreme pump with insane momentum/volume, but severe overbought + upper BB hug point to sharp short-term correction.
🟢 Long (high risk)
Entry: 7.00–7.30 (dip to current or lower)
TP1: 7.80–8.00
TP2: 8.50+
SL: 6.70–6.90
R/R: ~1:3+
Comment: Only if holds above MB (~5.6) long-term + volume bounce. Momentum still strong but risky at peaks.
🔴 Short (moderate-high risk)
Entry: 7.50–7.70 (fade upper BB/current)
TP1: 7.00–6.80
TP2: 6.20–5.80
SL: 8.00+
R/R: ~1:3+
Comment: Preferred on rejection + RSI drop + volume fade. Fits overbought exhaustion.
⚠️ Most likely scenario now
Short-term pullback/consolidation to MB (~5.6) or at least 6.5–7.0 due to extreme overbought RSI + overextension. Continuation higher possible only with fresh volume surge, but correction has higher probability now. Shorts have edge on exhaustion; longs very risky until reset. Extreme vol — tight risk mandatory, watch RSI/volume closely.