#Auction反弹谨慎开空

AUCTION has experienced a sharp decline with little rebound in strength. Previously, after a wave of sharp declines, we saw a rebound, and I opened a short position around 25, predicting a drop to 15. Then the price exceeded expectations when it started rising...

Currently, the 4-hour chart shows a rebound of 4 candlesticks, indicating the end of a continuous downtrend, and a major fluctuation is likely to follow. The drop has been significant enough, so theoretically, one can open a short position near the rebound high or wait for further drops to seize the rebound.

Additionally, there is absolutely no support for a rebound at 1000 Sats, so we continue to maintain a bearish outlook and should not try to catch the rebound.

Act has already completed a rebound pattern.