This setup leans bearish (SHORT bias) based on the data you shared.
Price is sitting at 4,792.54, while the Supertrend (10,3) is positioned significantly above around 4,923+, which indicates strong overhead resistance. The recent rejection near the 4,804–4,865 zone also suggests sellers are defending higher levels. Momentum looks weak with price struggling to reclaim resistance, so continuation to the downside is more likely unless structure flips.
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$XAUT /USDT SHORT SETUP
Gold-backed token is showing signs of exhaustion after a minor push upward. Price remains below key trend resistance, and failure to break above the Supertrend confirms bearish pressure. If sellers maintain control, we can expect a gradual move toward lower support zones.
📍 Entry Points:
Entry 1: 4,790
Entry 2: 4,805
🛑 Stop Loss:
4,940 (above Supertrend resistance)
🎯 Take Profit Targets:
TP1: 4,690
TP2: 4,570
TP3: 4,450
If price unexpectedly reclaims the 4,900+ zone, this setup becomes invalid, so keep risk tight.
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