I’m looking at $XAUT /USDT around 4,292.95, and the first thing that stands out is the sharp move up from the 4,287–4,288 area, followed by a pause. Price is still sitting below the visible MA60 at 4,295.22, so I’m watching that overhead area closely.
For me, the cleaner idea is to wait for rejection around the current zone rather than chase the recent jump. If price stays below 4,295.22, I’d watch for a move back toward the nearby levels shown on the chart.
📍 Entry: 4,292.95–4,294.06
🎯 TP1: 4,290.70
🎯 TP2: 4,289.02
🎯 TP3: 4,287.34
🛑 Invalidation: 4,295.75
If price loses 4,292.38 after rejection, I’d like to see follow-through toward the lower levels. If price pushes through 4,295.22 and especially 4,295.75, I’d step away from this short idea because the visible resistance is being reclaimed.
The setup is still fairly tight and uncertain, so I’d rather wait for confirmation than force a trade here.
For me, the cleaner idea is to wait for rejection around the current zone rather than chase the recent jump. If price stays below 4,295.22, I’d watch for a move back toward the nearby levels shown on the chart.
📍 Entry: 4,292.95–4,294.06
🎯 TP1: 4,290.70
🎯 TP2: 4,289.02
🎯 TP3: 4,287.34
🛑 Invalidation: 4,295.75
If price loses 4,292.38 after rejection, I’d like to see follow-through toward the lower levels. If price pushes through 4,295.22 and especially 4,295.75, I’d step away from this short idea because the visible resistance is being reclaimed.
The setup is still fairly tight and uncertain, so I’d rather wait for confirmation than force a trade here.
