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$AUCTION /USDT – Oversold Bounce – Dead Cat or Reversal? Watch Closely!

📊 Current Price: $25.64 (+4.78%)

📈 24H High: $62.48 | 📉 24H Low: $23.05

Support & Resistance Levels:

Key Support: $23.00 – Recent low, crucial for short-term stability.

Resistance Zone: $28.00 - $30.00 – Major test area for bounce continuation.

Entry Strategy & Trade Setup:

📉 Short-Term Rebound Play:

Entry: $25.50 - $26.50 (bounce entry zone)

Take Profit Targets:

TP1: $28.00

TP2: $30.50

TP3: $34.00+

Stop Loss: Below $23.00

📢 Market Sentiment: After a brutal -57% drop, AUCTION shows signs of relief buying. Volume increase and a base around $23 suggest a potential bounce — but beware, this could be a dead cat if resistance isn't cleared.

🔥 Pro Tip: If you’re trading the bounce, lock partial profits early and trail your stop. Reclaiming $30+ would be a strong reversal signal, not just a bounce.