BullishBanter
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Bearish
$AUCTION /USDT – Sharp Drop After Hitting Resistance
#AUCTION faced a harsh rejection after touching the $16.93 high, plummeting over 21% within hours to a low of $12.88. The heavy red candles and consistent lower highs suggest strong bearish pressure, signaling that profit-taking and panic selling dominated the session.
Market Recap:
Local Top: $16.93
Breakdown Trigger: Lost momentum near $15.50 support
24H Low Hit: $12.83, with sellers firmly in control
Current Outlook:
As long as AUCTION remains under $13.50–$14.00, bears will likely try to push toward the $12.00 psychological support. If that breaks, eyes could shift to the $11.50–$11.00 zone. On the flip side, a bounce back toward $14.50 would only matter if backed by strong volume and momentum.
Conclusion:
This was a clear example of a failed breakout that turned into a powerful dump. Traders should watch how AUCTION reacts at $12.50–$12.00 before considering any new entries. Patience here could save capital and set up a cleaner opportunity.
Buy and Trade here on $AUCTION
#AUCTION faced a harsh rejection after touching the $16.93 high, plummeting over 21% within hours to a low of $12.88. The heavy red candles and consistent lower highs suggest strong bearish pressure, signaling that profit-taking and panic selling dominated the session.
Market Recap:
Local Top: $16.93
Breakdown Trigger: Lost momentum near $15.50 support
24H Low Hit: $12.83, with sellers firmly in control
Current Outlook:
As long as AUCTION remains under $13.50–$14.00, bears will likely try to push toward the $12.00 psychological support. If that breaks, eyes could shift to the $11.50–$11.00 zone. On the flip side, a bounce back toward $14.50 would only matter if backed by strong volume and momentum.
Conclusion:
This was a clear example of a failed breakout that turned into a powerful dump. Traders should watch how AUCTION reacts at $12.50–$12.00 before considering any new entries. Patience here could save capital and set up a cleaner opportunity.
Buy and Trade here on $AUCTION
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