$AUCTION
UNDER THE HAMMER! ๐จ๐ BEARS TAKING CONTROL
AUCTION is losing steam, currently priced at $9.10 (-3.81%), as it slips from the recent high of $9.48. A clear bearish mood is dominating, with price testing critical support and volume rising on the downside โ the market's bidding war may just be tipping in favor of the sellers.
๐ KEY LEVELS TO WATCH:
๐ผ Resistance: $9.35 โ $9.48
๐ก๏ธ Support 1: $9.03 โ Holding but fragile
๐จ Support 2: $8.80 โ Breakdown zone to watch
๐ฏ TRADE SETUP โ SHORT IDEA:
Entry: $9.15 โ $9.30
Take Profits (TP):
TP1: $9.00
TP2: $8.80
Stop Loss (SL): $9.50
๐ง RISK MANAGEMENT TIP:
Risk only 1-2% of your portfolio per trade. Stick to stop-loss and avoid chasing the wick โ let the market come to you.
๐ฅ It's a bearish auction, and sellers are raising their hands!