Drop your jaw slightly with relaxed lips. Touch the tongue tip behind the bottom front teeth and arch the top-front toward the roof.

Americans pronounce equation as ih-KWAY-zhuhn (/ɪˈkweɪʒən/). Stress falls on the second syllable — keep everything else short and quick. You'll hear it in sentences like "She balanced the chemical equation to show the conservation of mass".
Record yourself saying "equation" and play it back. The mic stays on your device — nothing's uploaded.
3 syllables, 7 sounds. Tap a syllable to jump to its row, then explore each sound's mouth shape and how it's made.
Raise the back of your tongue to touch the soft palate (velum). Stop the air, then release.

Round your lips into a tight circle. Lift the back of your tongue toward the soft palate and add voice.

Start with your jaw slightly open and the front of your tongue forward and slightly up. Glide upward, your jaw closes a little more and your tongue arches higher toward the roof of the mouth.
Flare your lips and lift the mid-front tongue close to the roof of your mouth. Add vocal cord vibration.

Relax your lips, jaw, and tongue completely. Drop your jaw slightly and keep the tongue neutral.
The schwa before N disappears — N becomes the vowel of the syllable. Go straight from the previous consonant to N.

The textbook way isn't wrong — it's just not how anyone actually says it.
In "equation", the short unstressed vowel before "n" disappears — the schwa is absorbed and the "n" becomes the syllable nucleus on its own. Schwa is absorbed — consonant becomes the syllable nucleus.
Stress falls on the second syllable, not the others. Stretch KWAY — keep everything else short and quick.
Don't pronounce the second syllable too fully. The unstressed syllable reduces to a schwa — the lazy "uh" sound — in casual speech.