$AUCTION has gone sideways, as I thought, and now the prospect that it will gradually lower the price, for example to $15, is very high, so that the shorts don't get too packed and gradually squeeze out the longs, and then the spot will start to crumble.
Bounce?
Hypothetically possible to $28-$35 at most, but I seriously doubt that. A smooth pullback is the most likely scenario, first to $15, then to $10, of course with minimal rises, and it can do this for months.
Another option is that everyone (the majority) will give up on it, start closing all positions, and after the drop, it will shoot up to gather new clients in the hairdressing salon and again beautifully trim everyone.
Those who are waiting for a return to the $50-$60 area, Dear Friends, the market is unpredictable, it may happen, but the probability at this moment is too negligible, 10% maybe 20% at most.
Especially if many holders remain. They need everyone to sell off, only then can they pump it up again.
They need money, and only that, money 😜
