They're calling this a dead cat bounce, but the 4h chart for #AUCTION tells a different story.
$AUCTION /USDT - LONG
Trade Plan:
Entry: 5.093703 – 5.130298
SL: 5.002215
TP1: 5.221785
TP2: 5.25838
TP3: 5.33157
Why this setup?
Despite the daily bear trend, momentum is shifting. The 4h setup is armed LONG with a tight stop below 5.00. RSI on lower timeframes shows room to run before overbought. Key levels: Entry Zone ~5.11, with initial targets at 5.22 and 5.26.
Debate:
Is this the start of a counter-trend rally, or just a bull trap before another leg down?
