$AUCTION dumped after vertical run — profit-taking hits, but structure not broken yet
AUCTION went parabolic from 5.11 → 9.04, then faced sharp rejection at the highs. Price has pulled back to 7.55, signaling heavy profit-booking after a +50% day. Despite the red candles, the move still looks like a cool-off, not a collapse — buyers haven’t fully stepped away yet.
🎯 Key Levels to Watch
• Support: 7.20 – 7.50
• Breakdown risk below: 6.90
• Resistance: 8.40 – 9.04
• Extension (if strength returns): 9.80 – 10.50
As long as 7.20 holds, this pullback can stay corrective and set up another leg. A clean loss of support, however, opens the door for a deeper retrace toward prior demand. This is where momentum traders get tested.
Trade #AUCTION here
AUCTION
6.17
-8.45%