Bounce Token (AUCTION) to $40

2023年8月22日

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%

2023年8月23日

交易進行

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.

2023年9月1日

註釋

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.

2023年9月3日

交易進行

Wait for 40 dollars

2023年9月19日

註釋

** GRM support confirmed **

2023年9月20日

註釋

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

2023年9月21日

註釋

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

80% in 30 days..

2023年9月21日

註釋

Correction, 100%. So much win!

2023年10月5日

交易進行

2023年10月6日

註釋

test past resistance as support

2023年10月7日

註釋

support confirmed with hidden bullish divergence and GRM support

2023年10月7日

註釋

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

2023年10月14日

註釋

resistance breakout.

2023年10月21日

註釋

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

2023年10月27日

註釋

resistance fails, sellers exhausted

2023年11月9日

交易進行

2023年11月20日

註釋

Price action up 50% since last update.

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

2023年11月27日

交易進行

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

2023年11月29日

註釋

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

2023年11月29日

註釋

230%

2023年12月14日

註釋

540%.
Almost at target.

2023年12月19日

交易結束：目標達成

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

3月17日

註釋

Wave 3 underway

4 day

4月15日

註釋

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.