$AUCTION short trade setup🚨

1. Strong Downtrend: Price has dropped -46.54%, showing clear bearish momentum.

2. Support Breakdown: The price is near $30.87, if broken, further downside is likely.

3. RSI (8.92) is Oversold: While oversold conditions can lead to a bounce, there’s no confirmation of a reversal yet.

4. Moving Averages Bearish: Price is below EMA (7) & EMA (25), indicating continued selling pressure.

Recommended Short Trade:

Entry: Below $30.50

Target: $28 → $25

Stop Loss: Above $33

A long position is risky unless there’s a clear bounce above $33. Shorting is safer at this point.