Entering a short sale position for the price $AUCTION /USDT - Bears are anticipating a potential decline from the local resistance level! 🔥💯
The price of $AUCTION has risen by over 15%, but it is now consolidating below the resistance level of $14.50 with lower highs forming. This rejection near the previous high of $15.27 indicates a downward trend, providing a clear selling opportunity.
Trading Setup (Short Sell Idea):
• Entry Zone: $14.10 - $14.30
• Take Profit (TP): $13.40 / $12.90
• Stop Loss (SL): $14.70
Market Outlook:
After the strong movement, the price of $AUCTION shows signs of exhaustion. Sellers may take control if the price drops below $14.00, leading to a deeper correction. A cautious yet strong sell position with precise control.
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