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#市场过度杠杆已被出清 Dear investors, the performance of AUCTION today is truly thrilling, comparable to the excitement of a roller coaster!
The current price is maintained at $8.244, observing the resistance level at $8.586 above, which has been tested three times today without success, as if encountering an invisible barrier. Meanwhile, the support area at $7.062 below is as solid as a rock, with both bulls and bears fiercely contesting here, refusing to give way!
This situation reminds me of my experience trading AXS last month - it was also a consolidation around a key price level, and I chose to enter near the support level, gaining 12% in just five days.
Key observation signals: Pay close attention to "top resistance" and "bottom support".
$8.586 is the current watershed for the long-short conversion. If it cannot effectively break through, a short-term pullback may occur; if it can hold this position, it is expected to launch an attack towards the $8.9 area.
When a breakout with increased volume occurs at $8.586, it could be a real bullish signal, don't miss it!
Advice for investors: Do not be greedy, focus on capturing the mid-stage of the market.
Aggressive investors: You can gradually allocate in the range of $7.3 to $7.5, set a stop-loss at $7.0, and aim for a target price of $8.5 (approximately $1 profit margin);
Conservative investors: Follow up after waiting for a breakout confirmation at $8.6, set a stop loss at $8.3, and target price at $8.9;
Core investment philosophy: In a market environment oscillating between support and resistance zones, the high sell low buy strategy is the most effective. For example, AUCTION has previously rebounded near the $7.0 mark, which is precisely due to the support effect generated by the main cost area.
It is important to be vigilant that sudden news in the market may become an "invisible risk"; even the most perfect technical patterns need to guard against the impact of news! The latest news shows that a large investor has shorted 200 million USD, and the recent market trend is largely influenced by large funds.
Actually, I mentioned in today's morning session that "the 8.5 resistance level can be shorted", and friends who followed the advice have already set buy orders at $7.3...
The greater the market volatility, the richer the profit opportunities, but the prerequisite is that you need to have the right methods and strategies! Be a wise market hunter, and do not take the final bite of risk!