The WLD strategy I shared earlier, $XAU , has successfully reached its profit targets, and the market structure has validated the analysis. High-reward opportunities are often hidden behind traps. For BTC, I’m watching for bearish continuation after the rebound loses momentum. The daily moving averages are generally trending downward and acting as resistance. The price has repeatedly failed to reclaim key moving averages during its rebounds, which points to weak consolidation rather than a reversal.
Looking at volume, buying has been insufficient on upward moves, while pullbacks have come with increased volume—sellers are setting the pace. Repeated tests of the resistance zone above without a breakout are why I’m positioning for a short: when the rebound reaches the right level, the risk is clearly defined and the reward becomes worthwhile. Even if a brief spike sweeps liquidity above before pulling back, it won’t change my bearish bias. I’ll take profits in stages as planned and gradually move my protective stop down.
🔴 Trade direction: Short
📍 Entry range: 4070.85 – 4071.17
🛑 Stop loss: 4077.84
🎯 Take profit 1: 4065.89
🎯 Take profit 2: 4062.46
🎯 Take profit 3: 4057.34
Take in the vastness of mountains and seas; observe the market’s smallest details.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#XAU
Click below to trade 👇
Looking at volume, buying has been insufficient on upward moves, while pullbacks have come with increased volume—sellers are setting the pace. Repeated tests of the resistance zone above without a breakout are why I’m positioning for a short: when the rebound reaches the right level, the risk is clearly defined and the reward becomes worthwhile. Even if a brief spike sweeps liquidity above before pulling back, it won’t change my bearish bias. I’ll take profits in stages as planned and gradually move my protective stop down.
🔴 Trade direction: Short
📍 Entry range: 4070.85 – 4071.17
🛑 Stop loss: 4077.84
🎯 Take profit 1: 4065.89
🎯 Take profit 2: 4062.46
🎯 Take profit 3: 4057.34
Take in the vastness of mountains and seas; observe the market’s smallest details.
Trade alongside Uncle Xiong, and witness the gains and losses of the world.
#XAU
Click below to trade 👇