$AUCTION /USDT — Sharp Pullback, High-Risk Bounce Zone ⚠️
Momentum Analysis
AUCTION has seen a -13.18% drop after rejecting near 7.41, signaling strong sell pressure. Price is now hovering just above a critical demand zone (6.00–5.80). Volumes remain decent, suggesting speculative interest for a relief bounce, but trend is still bearish-to-neutral until key levels are reclaimed.
Long Setup (Aggressive – Counter-Trend)
Entry Zone: 5.90 – 6.05
Targets:
T1: 6.41
T2: 7.36
T3: 8.31
Stop Loss: 5.45 (daily close below invalidates bounce)
Breakout Confirmation
Bullish confirmation only above: 6.45–6.50 with volume
Key Resistance: 7.36 → 8.31
Key Support: 6.00 → 5.46 → 4.73
Trading Data Snapshot
Current Price: 6.06 USDT
24h High / Low: 7.41 / 6.00
24h Volume: 1.82M AUCTION | 11.95M USDT
Market: BINANCE
Structure: Lower highs, testing demand
Pro Tip 💡
This is not a trend-following long. If BTC shows weakness, skip the trade. Best play is wait for confirmation above 6.50 or scalp quick reactions from support with tight risk.