🏦 $AUCTION /USDT – DeFi Dip or Demand Zone? Smart Money Watching $9.30 Support!
$AUCTION is trading at $9.46, down -3.07%, after rejecting from the $9.97 high. It’s currently below all key moving averages (MA7, MA25, MA99), signaling short-term bearish pressure. However, the $9.33–$9.29 support area is crucial — a bounce here could trigger a strong reversal.
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📊 Short-Term Trading Plan (Scalp):
🔹 Entry: $9.40–$9.45
🔹 Stop-Loss: $9.20
🔹 Take-Profit Targets:
• TP1: $9.70
• TP2: $9.95
• TP3: $10.10
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📈 Long-Term Swing Plan (3–7 Days):
🔹 Entry Zone: $9.30–$9.50
🔹 Stop-Loss: $9.00
🔹 Take-Profit Targets:
• TP1: $10.00
• TP2: $10.40
• TP3: $11.00
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📌 Watch for a reclaim of the 7MA ($9.59) to confirm momentum shift.
💡 DeFi tokens like $AUCTION often make sharp rebounds from oversold zones. Enter patiently and manage your risk tightly.