🪙 Palladium (XPD) Perp 4H: Breakdown-Retest SHORT
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📉 Trend: XPDUSDT trades at 972.51 (-2.0% 24H) and just broke the Oct 30 low of 972.18, printing 970.66, its lowest level since the Binance perp listed in January. Price is under EMA20 990.5, EMA50 1011.5 and EMA200 1098.7, so bias stays bearish.
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🧱 Resistance: 981-986 (weekend base), 990.5 (EMA20), 997 (today's high). Support: 970.66, then open air below.
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🎯 Entry zone: 981-986
🛑 Stop loss: 997.5
✅ TP1: 960
✅ TP2: 947
✅ TP3: 922
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💡 Why: The weekend base failed and today's bounce stalled under the EMA20. A retest of the old floor as resistance gives a clean short. TP2 and TP3 are measured moves of the 972-997 range.
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⚠️ Risk: A 4H close back above 997 voids it. Metals move fast on US data, so size small and take partials at TP1.
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Not financial advice. DYOR.
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$PAXG $BTC
#Palladium #TradFi #TradingSetup #BinanceSquare
⠀
📉 Trend: XPDUSDT trades at 972.51 (-2.0% 24H) and just broke the Oct 30 low of 972.18, printing 970.66, its lowest level since the Binance perp listed in January. Price is under EMA20 990.5, EMA50 1011.5 and EMA200 1098.7, so bias stays bearish.
⠀
🧱 Resistance: 981-986 (weekend base), 990.5 (EMA20), 997 (today's high). Support: 970.66, then open air below.
⠀
🎯 Entry zone: 981-986
🛑 Stop loss: 997.5
✅ TP1: 960
✅ TP2: 947
✅ TP3: 922
⠀
💡 Why: The weekend base failed and today's bounce stalled under the EMA20. A retest of the old floor as resistance gives a clean short. TP2 and TP3 are measured moves of the 972-997 range.
⠀
⚠️ Risk: A 4H close back above 997 voids it. Metals move fast on US data, so size small and take partials at TP1.
⠀
Not financial advice. DYOR.
⠀
$PAXG $BTC
#Palladium #TradFi #TradingSetup #BinanceSquare
