STRONG BREAKOUT → PROFIT BOOKING PHASE, TREND STILL ALIVE
$AUCTION price around 6.77 (Spot | 1H timeframe)
$AUCTION delivered a clean momentum breakout after steady accumulation above the EMA ribbon. The strong bullish candles show aggressive buying interest, followed by a small upper-wick rejection near the highs — a clear sign of short-term profit booking, not weakness. Price is still holding above key dynamic supports, which keeps the bullish structure intact. As long as the price respects the breakout zone, continuation remains likely after brief consolidation.
This is a classic impulse → pause → continuation setup. Chasing is risky here; patience on dips gives better structure-based entries.
Levels (short & clean):
Entry: near 5.80–5.60 zone
SL: below 5.10
Target: 7.50–8.00 zone
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