ON just pulled a massive +13.4% move, hitting $5.42. But wait! The vertical breakout got rejected hard at $6.23, and the momentum is now cooling down. This looks like a classic "Blow-off Top" before a deeper correction.
š THE SHORT SETUP:
Entry Zone: $5.45 ā $5.75
Target 1: $5.10 (Easy Grab)
Target 2: $4.80 (Key Support)
Target 3: $4.30 (Deep Pullback)
Stop Loss: $6.35 (Strict!)
ā ļø Why this trade? The 45m chart shows exhaustion. Unless the price reclaims and stays above $5.90, the bears are in control and we are heading back to the origin of the pump.
š¬ COMMUNITY POLL (Profit or Trap? š)
"Are you taking profits on $AUCTION or waiting for $10?"
1. Shorting for easy gains! š
2. Holding for Moon! š
3. Just watching the show! šæ
š„ SMASH THE LIKE BUTTON if you want more "Trade Alerts" like this! Let's see how many of you caught the $6.23 rejection! š
#AUCTION #TradingSignals #ShortPosition #BinanceSquare #CryptoAnalysis
AUCTION
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