The grid take-profit hit, so I got to bank this bit of XAUT first. After the system’s buy order around 4155 filled, price gradually ground its way up and the sell order at 4166 got taken out. The profit wasn’t much after fees, but in tonight’s market, I’m just glad to have come out without a loss.
Then I checked the charts: XAUT is at 4162, down just 0.4% over 24 hours. It’s been squeezed into a range between 4151 and 4182, moving barely thirty-odd points, on volume of a little over 8 million USDT. To put it bluntly, this chart looks about as lively as a nearly flat ECG. My system signal is currently to wait and see; it hasn’t told me to add to the position, and the trend module hasn’t signaled a breakout either. So I’ll sit tight for now and let the grid keep working the range…
Honestly, BTC is at 81556, down 0.4% over 24 hours, with a trading range of only around 800 points; ETH is at 2425, down 1.2% and a bit weaker, but the 4-hour chart is also moving sideways with no clear direction… Trying to trade the trend in this kind of market is just asking to get beaten up. Especially with all the hype around ETH tonight—the group chat is full of people calling for a new high, but to me, it’s just emotion driving the move.
So the strategy is pretty basic—trade XAUT in a range and wait for it to choose a direction. I’m staying out after taking profit on this trade. If 4150 gets tested again, I’m still not sure whether to buy.
Follow me for daily live trades. Follow if you want to see my trade reviews.
Follow me for daily live trades. Follow if you want to see my trade reviews.
#XAUT #₿ BTC $XAUT $BTC
Then I checked the charts: XAUT is at 4162, down just 0.4% over 24 hours. It’s been squeezed into a range between 4151 and 4182, moving barely thirty-odd points, on volume of a little over 8 million USDT. To put it bluntly, this chart looks about as lively as a nearly flat ECG. My system signal is currently to wait and see; it hasn’t told me to add to the position, and the trend module hasn’t signaled a breakout either. So I’ll sit tight for now and let the grid keep working the range…
Honestly, BTC is at 81556, down 0.4% over 24 hours, with a trading range of only around 800 points; ETH is at 2425, down 1.2% and a bit weaker, but the 4-hour chart is also moving sideways with no clear direction… Trying to trade the trend in this kind of market is just asking to get beaten up. Especially with all the hype around ETH tonight—the group chat is full of people calling for a new high, but to me, it’s just emotion driving the move.
So the strategy is pretty basic—trade XAUT in a range and wait for it to choose a direction. I’m staying out after taking profit on this trade. If 4150 gets tested again, I’m still not sure whether to buy.
Follow me for daily live trades. Follow if you want to see my trade reviews.
Follow me for daily live trades. Follow if you want to see my trade reviews.
#XAUT #₿ BTC $XAUT $BTC