$XAUT If you blinked, you missed the chaos on the Tether Gold chart. We saw a massive wick down to 4,244, but the bulls stepped in immediately. We're currently at 4,326.0, down only -0.54% on the day.

Here’s the read on the 1H structure:
🔹 The Recovery: After that brutal red candle, we've printed five consecutive green hourly candles. That's a strong V-shaped recovery.
🔹 MA Reclaim: Price has successfully reclaimed the MA5 (4,319) and MA10 (4,308). The short-term trend has flipped back bullish.
🔹 The Battle: We are currently fighting to hold above the MA30 (orange line) at 4,314. Holding this level is crucial for continuation.

My take: The panic sellers got flushed out at 4,244, and smart money scooped it up. If we can establish support above the MA30, I expect a retest of the 4,364 high. Tokenized gold hitting $5.1B on-chain is a solid narrative backing this bounce.

Let the recovery play out. 📈