Can there exist any integer sequence $A$ of length $N$ with all unique elements such that the length of its Longest Increasing Subsequence as well as that of its Longest Decreasing Subsequence is less than $ \displaystyle \lfloor \frac{N}{2} \rfloor $?
If yes, then give an example of such a sequence. Otherwise, can anyone present a proof that there cannot exist such a sequence?
(Just to add some substance, can it be shown there can exist such sequences, given any arbitrary value of $ N > 1 $?)