🔻 $PAXG REBOUND LOOKS FRAGILE AFTER SHARP DUMP
#PAXG bounced from the spike low, but the recovery is running into immediate descending pressure.
The structure still leans heavy.
📊 TECHNICAL STRUCTURE:
▸ Pattern: Breakdown from prior uptrend followed by corrective bounce
▸ Price pushing into descending pivot resistance
▸ Momentum still favors sellers unless reclaim happens
🔑 KEY LEVELS:
• Support: $5,000 – $5,050
• Resistance: $5,200 – $5,250
🧠 WHAT MATTERS:
If price stays capped under the rebound ceiling, the move may simply be a relief bounce inside a broader pullback.
⚠️ INVALIDATION:
A sustained close above $5,250 weakens the bearish pullback thesis and shifts short-term structure back toward bullish control.
Bounce is visible.
Trend reclaim is not.