2025-12-31 12:24:58

AUCTION Technical Setup—Is The Rally Running Out of Steam?

Looking at the 4-hour timeframe, AUCTION just ripped higher into a key resistance zone, but here's what caught our attention: the move came with intensity, yet sellers stepped in almost immediately. The price managed to sweep liquidity above prior highs—a textbook bullish trigger—but then momentum died. That's not strength; that's exhaustion.

When a rally climbs that vertical and can't hold, you're seeing trapped longs rather than fresh buying interest. The follow-through selling pressure confirms it. This pattern typically signals a retest of support or deeper consolidation before any real upside emerges.

Key takeaway: Big moves that lack conviction often mark local tops. Worth watching how AUCTION holds or breaks key support levels in the sessions ahead.

AUCTION7.57%

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SatoshiHeir

· 2h ago

On-chain data indicates that this rebound has no institutional backing; it is purely retail investors pretending to bottom fish. Are the bulls trapped? Undoubtedly, I saw through it long ago. --- Laughing again, this is another classic liquidity trap. After sweeping the high positions, they immediately retreat. I've been tired of this routine since 2017. --- It should be noted that any rise without volume support is just paper wealth. The recent move by AUCTION is a textbook example of a local top. --- It’s obvious that if support levels cannot hold, a larger correction is inevitable. But I bet it will attempt to test the highs again before truly entering a bottom-building phase. --- Based on my analysis of historical candlestick patterns, this kind of fatigue pattern usually indicates a deeper correction within 48 hours. Brothers holding positions, be careful. --- Listen to me: a true rebound should be accompanied by increased capital inflow, not the struggling of existing bulls. AUCTION’s current trend looks very much like a desperate salvation. --- Fundamentally, when momentum disappears, consensus collapses. This rebound has already declared failure; it all depends on how it breaks below support next.

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NftDeepBreather

· 2h ago

This wave of rebound is a flash in the pan, and the bulls are still forced to pull the market? The ending is to smash the market, the classic fake breakthrough to deceive liquidity... Eh, wait, if this support level can't be held, is there still room below? The bulls ran out of power after a while, and sure enough, it was still a short world It's this routine again, sweeping the high point to lure more, and then start cutting... Looking tired If the support level is broken, I have to consider reducing my position, which is indeed a bit weak I have seen a lot of tired rebounds, and the next most likely thing is to consolidate or continue to explore, which is uncomfortable

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LiquidationWatcher

· 2h ago

ngl this smells like a bull trap tbh... seen this exact pattern before, longs getting squeezed out rn. that momentum flush is scary, watch your health factor fr fr

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