$AUCTION – Selling Opportunity
Entry: $8.86
Stop Loss: $9.64
Target 1: $7.77 (Previous Low / Sell Side Liquidity)
Target 2: $7.01 (Deeper Liquidity Pool)
Why these settings?
🔹 The price is approaching a supply area over the day (Demand Block), which is expected to act as strong support.
🔹 The market structure is still bearish, with lower highs recently confirming downward pressure.
🔹 There is visible liquidity below the current price at $7.77 and $7.01 – likely to be targeted next.
🔹 We anticipate a reversal after the price touches the demand block, in line with smart money concepts.
Market Direction: Bearish
Strategy: Sell from resistance after rejection of the demand block.
