$AUCTION /USDT BEARISH ANALYSIS

Current Price:

$11.01 ( -3.08%)

24h High: $11.38

24h Low: $10.85

Volume:

AUCTION: 300,274.88

USDT: $3.35M

Technical Outlook:

$AUCTION /USDT is trading in a short-term downtrend, forming lower highs and rejecting near $11.30–$11.40 — a strong intraday resistance zone. Price is testing the $11.00–$10.85 support. A break below $10.85 could trigger further downside.

Resistance Zones:

$11.40 – Major intraday resistance

$11.30 – Local rejection zone

$11.75 – Key swing resistance

$12.00 – Psychological level

Support Zones:

$10.85 – Current local support (24h low)

$10.50 – Next demand zone

$10.00 – Strong psychological and structural support

$9.60 – Previous breakout base

Bearish Trade Setup:

Entry (Short): $11.00–$11.05 (on weak bounce or 15m close below $10.90)

Confirmation: Break and retest of $10.85 with increasing volume

Targets:

TP1: $10.6

TP2: $10.00

TP3: $9.60

Stop Loss: $11.45 (above 24h high / invalidation point)

Indicators Summary:

Indicator Status

Trend Bearish

RSI (Est.) Likely below 50 (weak momentum)

Volume Profile Weak buyers near resistance

Risk Level Medium

Caution:

Break above $11.40 with bullish volume invalidates the bearish setup.

Wait for confirmation – avoid early entries unless candle patterns confirm weakness below $10.90.

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