$AUCTION - Remember This View From a Few Days Ago… 📉
Market trend has changed, and volatility has increased. I’ll do my best to stay unemotional and deliver only the setups I see. If we get a breakout and confirmation, I’ll mention it.
Still stuck in a very bearish area on the daily chart. We could see even lower supports being tested, bulls are NOT in control here.
Short-term outlook: 📈
After a highly oversold move, a retest of upper resistance is possible:
$9.80–$9.70
$10.10–$10.20
Bulls absolutely need a breakout above the daily downtrend and $10.40/$10.80 to regain momentum.
Key supports:
$8.40 - $7.60 - $7.10 - $5.80
Possible setup shown in my 2nd chart (H4 view). 🎯
