$AUCTION — Counter-Trend Bounce in Play!
Long
$AUCTION Entry: 5.0937 – 5.1303
Stop Loss: 5.0022
Targets:
Take Profit 1: 5.2218
Take Profit 2: 5.2584
Take Profit 3: 5.3316
The 4H chart shows
$AUCTION forming a strong recovery setup despite the ongoing daily bearish trend. Momentum is shifting bullish, and the lower-timeframe RSI indicates room for upside before hitting overbought conditions.
Key Levels:
Entry Zone: ~5.11
Targets: 5.22 (TP1), 5.26 (TP2), 5.33 (TP3)
Tight Stop: Just below 5.00, limiting risk
Is this a genuine counter-trend rally or a classic bull trap before another leg down? The structure on the 4H timeframe suggests the bulls are testing strength, so watch for follow-through or quick rejection.
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