$AUCTION /USDT: Testing Critical Support After Sharp Decline

$AUCTION /USDT is trading at 17.82, down 8.43%, with a 24-hour range between 17.63 and 19.61. The price has broken below key support and is approaching a critical support zone that could determine the next trend direction.

AUCTION

17.73

-6.33%

Technical Overview:

Support Zone: 17.50 – 17.60

Resistance Levels: 18.20 (minor), 18.80 (major)

Indicators:

StochRSI: 0.00, indicating extremely oversold conditions

MACD: Bearish with downward momentum

RSI: Deeply oversold, suggesting potential for a bounce

Trade Strategy:

Entry Zone: 17.50 – 17.60 for a potential rebound

Target: 18.20 and 18.80

Stop Loss: Below 17.40

Market Sentiment: The order book shows 48.69% buy pressure and 51.31% sell pressure, indicating mixed sentiment. A sustained hold above 17.60 could trigger a short-term bounce, while further downside may occur if this support breaks.#BinanceLaunchpoolGUN #AUCTION/USDT. #JELLYJELLYFuturesAlert #TrumpTariffs #BinanceAlphaAlert