📍 Trade Setup Breakdown: XAUT/USDT (15m)
A Channel Up structure is actively forming on the 15m chart for Tether Gold (XAUT/USDT).
📊 Pattern Breakdown:
• Structure: Channel Up (Ascending Channel)
• Upper Resistance Retests: 2 Touches (4037 USDT)
• Lower Support Retests: 4 Touches (4023 USDT)
• Current Zone: Retesting lower ascending support (4024 USDT)
🔍 Key Observation:
Price action pulled back from upper channel resistance near $4037 and is currently retesting the lower ascending support trendline. A sustained bounce off support keeps the upward channel structure intact toward upper resistance (4040 USDT), whereas a break below support invalidates the setup.
⚠️ DYOR - Not Financial Advice.
Are you expecting lower support to hold at these levels?
#ChartScout #DYOR* #XAUT #BinanceSquare #CryptoTradingTips
A Channel Up structure is actively forming on the 15m chart for Tether Gold (XAUT/USDT).
📊 Pattern Breakdown:
• Structure: Channel Up (Ascending Channel)
• Upper Resistance Retests: 2 Touches (4037 USDT)
• Lower Support Retests: 4 Touches (4023 USDT)
• Current Zone: Retesting lower ascending support (4024 USDT)
🔍 Key Observation:
Price action pulled back from upper channel resistance near $4037 and is currently retesting the lower ascending support trendline. A sustained bounce off support keeps the upward channel structure intact toward upper resistance (4040 USDT), whereas a break below support invalidates the setup.
⚠️ DYOR - Not Financial Advice.
Are you expecting lower support to hold at these levels?
#ChartScout #DYOR* #XAUT #BinanceSquare #CryptoTradingTips