$XAUT: Rejection at Key Supply Zone: Short Setup Activated
SHORT SETUP XAUT
Entry: $4141.80 - $4141.90
Stop Loss: $4307.52
Take Profit: $3810.50 (2R)
Key Levels: Support $4140.76 | Resistance $4141.97
Technical Analysis for $XAUT: Price is under EMA9, EMA21, EMA50 and EMA200, with MACD histogram negative and RSI at 47. Stochastic around 32 suggests limited upside. Orderbook imbalance favors asks. These factors support a short bias, but low ADX and neutral RSI add downside risk. Watch for a break below 4140.76 support; a retest of 4168.48 would challenge the trade.
Market Context: BTC is in a bullish trend on 4H and 1D timeframes, and overall market shows a 59.3% green bias, providing broader positive
SHORT $XAUT
SHORT SETUP XAUT
Entry: $4141.80 - $4141.90
Stop Loss: $4307.52
Take Profit: $3810.50 (2R)
Key Levels: Support $4140.76 | Resistance $4141.97
Technical Analysis for $XAUT: Price is under EMA9, EMA21, EMA50 and EMA200, with MACD histogram negative and RSI at 47. Stochastic around 32 suggests limited upside. Orderbook imbalance favors asks. These factors support a short bias, but low ADX and neutral RSI add downside risk. Watch for a break below 4140.76 support; a retest of 4168.48 would challenge the trade.
Market Context: BTC is in a bullish trend on 4H and 1D timeframes, and overall market shows a 59.3% green bias, providing broader positive
SHORT $XAUT
