#AUCTIONUSDT — Major Accumulation or Bearish Continuation?BounceToken / USDTMEXC:AUCTIONUSDTCryptoAnalystSignal#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 4.60, 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: 4.77 First Target: 4.81 Second Target: 4.85 Third Target: 4.92 You can stop at the first and second targets and close the price, or continue towards the third target. Stop Loss: At the resistance zone (in green). Remember this simple rule: Money Management. Any questions? Please leave a comment. Thank you.