$AUCTION
$AUCTION is showing a controlled pullback after a strong impulse move, and price is now stabilizing above a well defined local support zone. The higher time frame structure remains intact, with buyers defending value and preventing deeper downside. This type of consolidation after expansion often signals continuation rather than reversal, as long as support continues to hold.
Liquidity was swept during the sharp pullback, weak longs were cleared, and price is now building a base where demand is stepping back in. Volume has slowed on the downside and is gradually increasing on small bullish pushes, which suggests selling pressure is weakening. As long as price stays above the current support band, the path of least resistance remains upward toward the previous resistance zones.
EP (Entry Price): $6.50 to $6.70
TP1 (Take Profit): $7.30
TP2 (Take Profit): $8.20
TP3 (Take Profit): $9.00
SL (Stop Loss): $6.10
The broader trend remains bullish, with price holding above the key structure low formed after the impulse move. Momentum has shifted from aggressive selling to steady absorption, indicating buyers are regaining control. Price is compressing above support, and this compression favors a continuation push toward the overhead liquidity resting near the prior highs.
