crypto trader XL8X
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📉 AUCTION/USDT Market Update – Oversold or More Downside? 📉
🔻 Current Price: $20.25 (-6.90%)
🔝 24H High: $22.53 | 🔻 24H Low: $19.89
$AUCTION has seen a massive dump from its recent high of $68.31, now trading near $20. The RSI is in an oversold zone (21.01), indicating a possible relief bounce, but the MACD remains bearish, and volume is drying up.
🔍 Key Takeaways:
⚠️ Bearish: Heavy sell-off, price struggling to find support.
📉 Indicators: RSI oversold, MACD still negative.
🔄 Support: Around $19.22, if broken, could see lower levels.
📊 Trade Strategy:
🔹 High risk: Possible short-term bounce, but confirmation needed.
🔹 Caution: If volume doesn’t pick up, further downside is likely.
Is this the bottom or just another fakeout? Let us know your thoughts! 👇
#AUCTION
#Crypto
#Trading
🔻 Current Price: $20.25 (-6.90%)
🔝 24H High: $22.53 | 🔻 24H Low: $19.89
$AUCTION has seen a massive dump from its recent high of $68.31, now trading near $20. The RSI is in an oversold zone (21.01), indicating a possible relief bounce, but the MACD remains bearish, and volume is drying up.
🔍 Key Takeaways:
⚠️ Bearish: Heavy sell-off, price struggling to find support.
📉 Indicators: RSI oversold, MACD still negative.
🔄 Support: Around $19.22, if broken, could see lower levels.
📊 Trade Strategy:
🔹 High risk: Possible short-term bounce, but confirmation needed.
🔹 Caution: If volume doesn’t pick up, further downside is likely.
Is this the bottom or just another fakeout? Let us know your thoughts! 👇
#AUCTION
#Crypto
#Trading
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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