$AUCTION /USDT BEARISH SLIDE TOWARD SUPPORT LEVELS

Current Price: $11.62

🔻 24h Change: -7.29%

KEY TECHNICAL LEVELS

🔹 Resistance Levels:

$12.10 – Minor resistance on current bounce

$13.56 – 24h high & strong supply zone

🔹 Support Levels:

$11.20 – 24h low, key short-term support

$10.50 – Major support from previous consolidation range

MARKET OUTLOOK:

$AUCTION/USDT is showing bearish structure with lower highs and strong rejections near resistance. Current price action suggests the bounce is weak and may fail near $12.10, leading to another leg down.

TRADE SETUP – SHORT POSITION

Entry: $11.60–$11.70 (current zone)

Targets (TP):

TP1: $11.20

TP2: $10.50

Stop Loss (SL): $12.20 (above minor resistance)

⚖️ RISK MANAGEMENT

Keep your risk per trade under 2%. Use tight SLs and avoid over-leveraging, especially during volatile conditions.

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