$AUCTION /USDC BREAKDOWN FROM LOWER HIGH – BEARISH PRESSURE BUILDING

REJECTION FROM $9.35 FOLLOWED BY STEEP DROP

PRICE BELOW ALL KEY MOVING AVERAGES

FAILED TO HOLD 25MA – WEAK BOUNCE AT $8.76 SUPPORT

$AUCTION attempted to recover but faced resistance near the 25MA and is now consolidating just below the 99MA. This signals continued weakness and sets the stage for a potential leg lower if $8.76 breaks.

🔴 SHORT TRADE SETUP

Entry Zone: $8.88 – $8.92

Take Profit: $8.65 / $8.40

Stop Loss: $9.05

Market Outlook:

As long as price remains below $9.00 and fails to reclaim moving average resistance, downside continuation is likely.

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