Rejection near highs… momentum slowing under resistance.
$XAUT /USDT – SHORT
Trade Plan
Entry: $4,820 – $4,860
SL: $4,920
TP1: $4,720
TP2: $4,650
TP3: $4,580 (if downside expands)
Why This Setup?
4H Structure: Price approaching key resistance at $4,865 after an extended move. Signs of slowing momentum and potential lower high formation.
MA Behavior: Short-term MAs likely flattening after bullish push — early indication of exhaustion rather than continuation.
Price Positioning: Trading close to resistance zone gives better risk-reward for shorts. Upside limited unless clean breakout above $4,865.
Daily Context: Still strong overall trend, but short-term looks like a corrective phase before next move. RSI likely near overbought region — increasing pullback probability.
Volume Behavior: No aggressive breakout volume near highs — suggests buyers losing strength and sellers preparing to step in.
As long as $4,865 is not broken with strong continuation, downside toward $4,720 and below is likely.
Debate:
Is XAUT preparing for another breakout above $4,865…
Or is this a short-term top before a deeper pullback?
Trade $XAUT here 👇
