A little after 11 p.m., lots of people saw XAUT up 1.9% and got the itch to chase it, but my system didn’t give me a signal to go long.
The grid bot running live has already closed two positions between 3,930 and 3,948. XAUT is now at 3,949, with a 24-hour high of 3,956 and low of 3,874, and volume is just 15.74 million USDT. Sure, it’s up, but with volume this low, chasing it could leave you holding the bag. My trend module is still set to “Wait and see,” while the grid module keeps running. I haven’t added to my position.
The broader picture fits, too: ₿ BTC is down 0.2% at 77,893, while Ξ ETH is up 0.7% at 2,287. Both are range-bound on the 4-hour chart. Gold tokens are rising on their own, while Bitcoin and Ethereum aren’t following. With that kind of divergence, I’d rather wait for a pullback than chase the highs. That said, USMidtermElections F and interest rate cut topics are both trending, and money is hiding in safe-haven assets right now—that’s what’s lifting XAUT.
To put it bluntly, I might miss part of this move, but I’d rather miss out than buy above 3,956. If the system says stay put, I stay put.
Are you chasing XAUT, or waiting for a pullback like me?
Follow me for daily live-trading updates. Tap follow if you want to see my trade reviews.
Follow me for daily live-trading updates. Tap follow if you want to see my trade reviews.
#XAUT #BTC $XAUT $BTC
The grid bot running live has already closed two positions between 3,930 and 3,948. XAUT is now at 3,949, with a 24-hour high of 3,956 and low of 3,874, and volume is just 15.74 million USDT. Sure, it’s up, but with volume this low, chasing it could leave you holding the bag. My trend module is still set to “Wait and see,” while the grid module keeps running. I haven’t added to my position.
The broader picture fits, too: ₿ BTC is down 0.2% at 77,893, while Ξ ETH is up 0.7% at 2,287. Both are range-bound on the 4-hour chart. Gold tokens are rising on their own, while Bitcoin and Ethereum aren’t following. With that kind of divergence, I’d rather wait for a pullback than chase the highs. That said, USMidtermElections F and interest rate cut topics are both trending, and money is hiding in safe-haven assets right now—that’s what’s lifting XAUT.
To put it bluntly, I might miss part of this move, but I’d rather miss out than buy above 3,956. If the system says stay put, I stay put.
Are you chasing XAUT, or waiting for a pullback like me?
Follow me for daily live-trading updates. Tap follow if you want to see my trade reviews.
Follow me for daily live-trading updates. Tap follow if you want to see my trade reviews.
#XAUT #BTC $XAUT $BTC
