$AUCTION
AUCTIONUSDT
Perp
9.119
-3.4%
UNDER THE HAMMER! 🔨📉 BEARS TAKING CONTROL
AUCTION is losing steam, currently priced at $9.10 (-3.81%), as it slips from the recent high of $9.48. A clear bearish mood is dominating, with price testing critical support and volume rising on the downside — the market's bidding war may just be tipping in favor of the sellers.
📊 KEY LEVELS TO WATCH:
🔼 Resistance: $9.35 – $9.48
🛡️ Support 1: $9.03 – Holding but fragile
🚨 Support 2: $8.80 – Breakdown zone to watch
🎯 TRADE SETUP – SHORT IDEA:
Entry: $9.15 – $9.30
Take Profits (TP):
TP1: $9.00
TP2: $8.80
Stop Loss (SL): $9.50
🧠 RISK MANAGEMENT TIP:
Risk only 1-2% of your portfolio per trade. Stick to stop-loss and avoid chasing the wick — let the market come to you.
🔥 It's a bearish auction, and sellers are raising their hands!