Technical analysis by MoriartyTrading about Symbol AUCTION: Sell recommendation (2/19/2025)

📉 Short AUCTIONUSDT.P from $16.370⚡️ Stop loss $16.735🕒 1H Timeframe⚡️ Overview:➡️ The POC (Point of Control) is located at $17.734, indicating the highest volume area and now acting as a strong resistance.➡️ Price AUCTIONUSDT.P continues to trade below the accumulation zone, confirming sellers' control.➡️ After a local bounce, the chart shows a breakdown below $16.370 — this triggers a potential short setup.➡️ Target zones are set near previous reaction levels, making them suitable for profit-taking.🎯 TP Targets:💎 TP 1: $16.165💎 TP 2: $16.040💎 TP 3: $15.850📢 Watch for solid confirmation below $16.370 — this would strengthen the case for downside continuation.📢 If price moves back above $16.735, the short setup is invalidated.AUCTIONUSDT.P shows continued buyer weakness — downside movement is expected if pressure remains.