Here’s a technical summary and trade outlook for $AUCTION
/USDT
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📊 AUCTION/USDT Market Snapshot
Metric Value
Last Price $8.484 (▼ -5.09%)
Mark Price $8.485
24h High / Low $9.003 / $8.455
24h Vol (AUCTION) 608,908.73
24h Vol (USDT) $5.28M
Current Volume 5,237.16
MA(5) Volume 37,334.32
MA(10) Volume 29,555.58
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🧠 Technical Overview
Trend: Bearish
Price has dropped ~5% and is hovering just above 24h low support
Volume: Current trading volume well below MA(5) and MA(10) — weak activity
Price Action: Consolidation just above support with lower highs
Market Sentiment: Sellers are in control unless $8.60–$8.78 range breaks upward
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📌 Key Technical Levels
Type Price Range
Support $8.455 (24h Low), then $8.41
Resistance $8.78 → $8.97 → $9.16 → $9.35
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🔍 Trade Scenarios
🔽 Short Breakdown Setup
Entry: $8.44
TP1: $8.10
TP2: $7.80
SL: $8.61
Reason: Breakdown from support zone with weak bounce volume
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🔼 Scalp Long Setup (Bounce from Support)
Entry: $8.46 – $8.48
TP1: $8.78
TP2: $8.97
SL: $8.40
Reason: If price holds and reclaims $8.60, short-covering rally possible
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🧭 Momentum Bias
Volume is very light, suggesting either:
Lack of strong conviction at current price
Awaiting broader market signal (likely BTC/ETH-led)
Reclaiming $8.78–$8.97 could flip short-term trend to bullish, otherwise still a fade-the-rally setup.
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