Bounces in $XAUT are running out of buyers. The 1H setup

$XAUT · SHORT · Conf 70%

Trade Plan:
Entry: 4,266.37 - 4,277.64
SL: 4,325.72
TP1: 4,234.37
TP2: 4,202.37
TP3: 4,170.38
TP4: 4,138.38
R:R about 1.3 to TP2 on the 1H
Conf is how many of our checks agree, not a win rate.

XAUT/USDT 4,266.37, -0.64% over 24h.

Why this setup?
- Price below the 200 EMA, long-term structure bearish
- EMA20 above EMA50, short-term momentum up
- 4H trend leaning down
- RSI(14) at 36.3 with volume x4.32 against the 20-bar average.
- Invalidation is unambiguous: through 4,325.72 the idea is simply wrong, so size it so that being wrong is survivable.

Key levels: S none below price | R 4,312.19 · 4,349.85 · 4,404.81

Debate:
Is XAUT handing out a gift here, or catching everyone leaning the wrong way into 4,202.37?

Trade XAUT: spot https://www.binance.com/en/trade/XAUT_USDT | futures https://www.binance.com/en/futures/XAUTUSDT

$XAUT #XAUT #Write2Earn #DayTrading #TradingStrategy
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.