🚨 $AUCTION/USDT Short Position Setup 🚨

Current Price: $10.08

Short Opportunity Overview:

Entry Zone: $10.00 - $10.30

Stop Loss: $10.70

Target Levels:

TP1: $9.80

TP2: $9.50

TP3: $9.20

Market Analysis:

$AUCTION is currently encountering significant resistance in the range of $10.30 - $10.50, where it has repeatedly shown signs of rejection. Sellers are gradually increasing their control at these levels, suggesting bearish momentum is on the rise. Should below the $10.00 support level, we could see a rapid downward movement toward the lower target areas.

Trading Strategy:

To maximize the potential of this short setup, it's recommended to wait for a confirmed breakdown below the $10.00 mark. A successful retest of this level, followed by a rejection, would offer a stronger confirmation of the short trade. Patience is key in this scenario to avoid entering prematurely.

Risk Management:

Ensure proper position sizing and always adhere to stop-loss discipline to minimize risk. It's crucial to stay mindful of volatility and adapt your strategy accordingly.

Note: By following the outlined entry, targets, and stop loss, this trade setup provides a solid opportunity in a bearish market structure for $AUCTION

.

$AUCTIONUSDT

#BNBChainMeme #TokenReserve #MarketOpportunities #CryptoTradeSignals