BullishBanter
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$AUCTION /USDT SHORT TRADE SIGNAL – BIG PULLBACK AFTER STRONG RALLY
Current Price: $43.59
Target 1: $41.50
Target 2: $40.00 (Strong Support)
Target 3: $38.50
Stop Loss: $44.50
Why Short?
AUCTION has recently surged to $48.28 before encountering a significant pullback to $43.59. This rapid drop suggests that the price is losing momentum and may continue to retrace further. The coin has failed to maintain the recent highs, and with strong support at $40.00, a potential bounce from this zone could offer a buying opportunity later.
Trade Setup:
Look for a short entry around $43.59 with targets at $41.50 and $40.00.
A break below $40.00 would signal a deeper correction.
Risk Management Tip:
If the price approaches $44.50, consider adjusting the stop loss to minimize potential losses. Secure profits at $41.50 and $40.00 if the price retraces towards these levels.
Get ready to capitalize on this pullback! Stay cautious and manage your risk effectively.
Current Price: $43.59
Target 1: $41.50
Target 2: $40.00 (Strong Support)
Target 3: $38.50
Stop Loss: $44.50
Why Short?
AUCTION has recently surged to $48.28 before encountering a significant pullback to $43.59. This rapid drop suggests that the price is losing momentum and may continue to retrace further. The coin has failed to maintain the recent highs, and with strong support at $40.00, a potential bounce from this zone could offer a buying opportunity later.
Trade Setup:
Look for a short entry around $43.59 with targets at $41.50 and $40.00.
A break below $40.00 would signal a deeper correction.
Risk Management Tip:
If the price approaches $44.50, consider adjusting the stop loss to minimize potential losses. Secure profits at $41.50 and $40.00 if the price retraces towards these levels.
Get ready to capitalize on this pullback! Stay cautious and manage your risk effectively.
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