Happy Money Monday, Traders!
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
AUCTION got rejected at the Red Horizontal Resistance Bar since 2 days ago and has not recovered and dipped towards 11.62.
What's next for AUCTION?
A. Further dipping could bring AUCTION towards its previous low at 11.62. There's practically nothing underneathe AUCTION past 11.62 and it could be a free fall like it has done since escaping the Falling Wedge on the 20th of January 2022.
B. AUCTION could consolidate (go sideways) from here.
C. AUCTION could do a U-Turn from here and go vertically to re-test the Red Horizontal Bar.
MACD: Signal lines maitains its position above 0.01896 and could potentially create a bullish divergence if price pushes back up.
Stoch RSI (1Day FTF): Oversold Region, has a bullish momentum.
Price action is KING!
Always remember to place your Stop Loss.
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader
Hope you find value from this post.
If you did, pls like and consider following.
Here's a trading idea.
But firstly...
==============================
Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.
==============================
AUCTION got rejected at the Red Horizontal Resistance Bar since 2 days ago and has not recovered and dipped towards 11.62.
What's next for AUCTION?
A. Further dipping could bring AUCTION towards its previous low at 11.62. There's practically nothing underneathe AUCTION past 11.62 and it could be a free fall like it has done since escaping the Falling Wedge on the 20th of January 2022.
B. AUCTION could consolidate (go sideways) from here.
C. AUCTION could do a U-Turn from here and go vertically to re-test the Red Horizontal Bar.
MACD: Signal lines maitains its position above 0.01896 and could potentially create a bullish divergence if price pushes back up.
Stoch RSI (1Day FTF): Oversold Region, has a bullish momentum.
Price action is KING!
Always remember to place your Stop Loss.
Patience and Discipline are KEYS to a successful trade.
Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.
Be PERSISTENT and stay PERSISTENT.
Let me know what asset you wish for me to look at and evaluate for potential long set ups and I will post it here on TradingView.
If you found value from this post, consider giving it a like and subscribe. Furthermore, share it with someone you know will benefit from this.
More power to all your trades, my friends!
Ron
Intrepid_Trader