$AUCTION just tested the $16.38 support, and all signs point to a potential breakdown. MACD is flashing bearish, and the token unlock could add selling pressure. If we lose support, $15.00 is on the cards!
📉 Market Breakdown:
Live Price: $17.07 (-4.64%)
Bearish MACD crossover + RSI at 35.36 (weak momentum)
Key Support: $16.38 – If this breaks, momentum favors the bears.
Resistance: $17.50 (MA25) – Bulls need to reclaim this level to shift sentiment.
📌 Trade Setup:
🔻 Entry: $17.00 – $17.20 (Ideal: $17.10)
🎯 Targets:
T1: $16.40 (-4.0%)
T2: $15.80 (-7.5%)
T3: $15.00 (-12.0%)
⛔ Stop Loss: $17.60 (-3.1%)
⚠️ Risk Plan:
Adjust to breakeven ($17.10) once T1 is hit.
Trailing SL once 1st target is reached.
Exit early if price reclaims $17.50.
💡 Token unlocks often bring sell pressure. This could be a prime short setup!
