$AUCTION has seen a parabolic spike, encountering significant resistance. A prominent rejection wick is currently forming, suggesting potential market exhaustion and the likelihood of a pullback. 📉

Based on this technical observation, a short position on $AUCTION is being highlighted as a potential opportunity.

Entry: 5.40 – 5.55

TP1: 5.15
TP2: 4.90
TP3: 4.60

SL: 5.75

Remember to always implement robust risk management strategies. This content is for informational purposes only and does not constitute financial advice. DYOR. 💡