Coinglass shows long liquidations increasing on this drop.
$XAUT is at 4,716.20 with -1.23% for the day.
As long as it stays under 4,770.64, downside pressure remains.
Trade setup:
Short entry 4,716.20
Stop loss 4,770.64
Target 1 4,680.00
Target 2 4,636.06
This is not financial advice.
$XAUT follows spot gold and reacts to DXY and US10Y moves.
■ Rejected from 4,810.42 high and printed new local low at 4,714.24.
Binance orderbook has thin bids till 4,650.00 zone.
{future...
🚨 I’m Shorting $PTB — Weak Bounce in a Strong Downtrend
PTB has been bleeding for months, and this latest bounce doesn’t change anything. Price pushed into 0.0008430–0.0008437, but there’s no real strength behind it — just a slow, weak grind up.
Each push higher is fading, and the order book is starting to lean bearish again (asks outweighing bids). In a trend this aggressive, weak bounces into resistance usually don’t hold — they get sold into hard.
This looks like another lower high formin...