Below the surface, $AUCTION it’s gotten a bit noisy again.
On the 15m timeframe the seller pressure is still on, RSI is in the high 30s and short-term momentum hasn’t recovered. But the 1H structure is still holding a higher-high / higher-low, while the 4H remains biased bullish. So there’s a pretty clear tug-of-war: the smaller timeframes are weakening, but the larger structure hasn’t given up.
Funding is +0.005% and OI is only down 0.2%, so there’s no clear sign of a big outflow yet. If the lower area keeps holding, the levels I’m watching are:
Entry 3.7145–3.7397
TP1 3.7970
TP2 3.8490
SL 3.6720
$AUCTION right now it feels more like they’re pressing to test how strong the floor is. If the floor holds, there’s still room for a bounce.
On the 15m timeframe the seller pressure is still on, RSI is in the high 30s and short-term momentum hasn’t recovered. But the 1H structure is still holding a higher-high / higher-low, while the 4H remains biased bullish. So there’s a pretty clear tug-of-war: the smaller timeframes are weakening, but the larger structure hasn’t given up.
Funding is +0.005% and OI is only down 0.2%, so there’s no clear sign of a big outflow yet. If the lower area keeps holding, the levels I’m watching are:
Entry 3.7145–3.7397
TP1 3.7970
TP2 3.8490
SL 3.6720
$AUCTION right now it feels more like they’re pressing to test how strong the floor is. If the floor holds, there’s still room for a bounce.
