Bounce Token (AUCTION) to $40

22 Ogo 2023

On the above 5-day chart price action has corrected over 90% since November 2021. A number of reasons now exist to consider a long position, including:

1) Price action and RSI resistance breakouts.

2) Price action backtests past resistance as support.

3) Point (2) occurs on the 0.236 Fibonacci level.

4) Price action is now on a year long support.

5) Point (4) also tests the ‘bottoming candle’ - excellent.

Is it possible price action falls further? Sure.
Is it probable? No

Type: Trade
Risk: <=6%
Timeframe: Act now
Return: 1000%

23 Ogo 2023

Dagangan aktif

This one might target the target sooner than others, not 30 days ago traders were buying @ 17 dollars (what were they thinking??), therefore there is little sell pressure above current levels.

1 Sep 2023

Nota

Support confirmed, over a 15 day period.

No matter the asset it is always fascinating to watch sellers sell into past resistance where support is confirmed. Tells you so much about the mindset of the participants.

3 Sep 2023

Dagangan aktif

Wait for 40 dollars

19 Sep 2023

Nota

** GRM support confirmed **

20 Sep 2023

Nota

Don't you just love GRM confirmation? I do.

21 Sep 2023

Nota

He's going vertical, so am I. We're going ballistic, go get em..

80% in 30 days..

21 Sep 2023

Nota

Correction, 100%. So much win!

5 Okt 2023

Dagangan aktif

6 Okt 2023

Nota

test past resistance as support

7 Okt 2023

Nota

support confirmed with hidden bullish divergence and GRM support

7 Okt 2023

Nota

In answer to a questioned ask, next resistance is around 8.50

14 Okt 2023

Nota

resistance breakout.

21 Okt 2023

Nota

A few questions asking "What do you mean resistance breakout?"

See the blue circle? This was the first time price action did two things:

1) Broke out of resistance AND
2) Confirmed past resistance as support.

In trading, support and resistance the 2nd most important thing in chart analysis. (The first being identifying the trend).

In the daily chart below you also measure the near term target following the breakout thanks to the previous resistance breakout. It is that simple.

To those that asked the question, try to measure out support and resistance as shown below on things you hold. Would you act differently?


1-day

27 Okt 2023

Nota

resistance fails, sellers exhausted

9 Nov 2023

Dagangan aktif

20 Nov 2023

Nota

Price action up 50% since last update.

Resistance is broken. Expect a backtest some point in the future to confirm support.

27 Nov 2023

Dagangan aktif

Continues to take the stairs up as the market takes the elevator down.

29 Nov 2023

Nota

Don't tell me the sky is the limit when there's footprints on the moon.

29 Nov 2023

Nota

230%

14 Dis 2023

Nota

540%.
Almost at target.

19 Dis 2023

Dagangan ditutup: sasaran tercapai

10x, 1000% in only 4 months.

Would you like another? Well... it is already published. Curiously it also begins with the letter A.

P's, it is on the 2-day GRM list. Will update shortly.

6-day

17 Mac

Nota

Wave 3 underway

4 day

15 Apr

Nota

Price action needs to close on or above $20 before the week is out to maintain the flag, otherwise the downtrend resumes.

This trade was far more interesting (red circles) on the long and short entries. There are plenty more opportunities like that in the market right now as Auction was in September 2023.