SHORT $AUCTION - BREAKDOWN FROM MA60 SUPPORT WITH DEFI WEAKNESS
Current Price: $6.11
Signal: Price has broken down from MA60 support with significant daily loss, showing weakness in the DeFi sector for potential further decline.
Entry: 6.10 - 6.15
TP1: 5.80
TP2: 5.60
TP3: 5.40
SL: 6.30 (above MA60 resistance)
CHART ANALYSIS:
MA60 Breakdown Confirmed: Price trading at MA60 ($6.11) with downward pressure confirms loss of critical support.
Significant Daily Decline: -6.29% loss shows aggressive selling pressure and breakdown acceleration.
DeFi Sector Pressure: As a DeFi project, AUCTION may be experiencing broader sector challenges or reduced liquidity.
Resistance at Key Level: Price action shows inability to hold above MA60, suggesting selling pressure.
Technical Breakdown: Price at critical support level with bearish momentum suggests continuation downward.
#AUCTION #Short #Breakdown #DeFi #Bukharitechtips
