#AUCTION

The price is moving within a descending channel on the 1-hour timeframe and has reached the lower boundary. It is now poised for a bounce and is expected to retest this boundary.

The Relative Strength Index (RSI) indicates a downward trend, which is likely to continue given the overbought conditions.

There is a key support zone in green at 2.70, and the price has bounced off this zone several times, making it a strong support level.

The price is trending towards the 100-period moving average, which we are approaching. This trend supports an upward move.

Entry Price: 2.95
Target 1: 3.00
Target 2: 3.05
Target 3: 3.13

Stop Loss: At the resistance zone in green

Remember this simple rule: Money management.

Any questions, please leave a comment.

Thank you.