Based on the data, I lean toward a short-term bounce scenario in the next 12-24 hours, primarily due to the strong buying pressure and net inflow. The 67.59% bid dominance and 5.81M AUCTION net inflow suggest that buyers are stepping in to defend the current price level, which could lead to a recovery toward 30.00–33.58. However, this is contingent on the 21.32 support holding and no further negative catalysts (e.g., broader market downturn or AUCTION-specific news).
Suggested Action:
If You’re a Trader: Consider setting a buy order around 21.50–22.00 with a stop-loss below 21.32 to manage risk. Target a take-profit around 30.00–33.58. Be cautious of volatility and monitor the order book for any sudden shifts in buying/selling pressure.
If You’re Holding: If you’re already in a position, it might be worth holding through this dip, as the buying pressure suggests a potential recovery. However, set a stop-loss below 21.32 to protect against further downside.
If You’re Cautious: Wait for confirmation of a bounce (e.g., a break above 25.00 with increasing volume) before entering a position, as the market is still volatile after such a sharp drop.
