$PAXG/USDT TECHNICAL ANALYSIS: BULLISH REVERSAL CONFIRMED $PAXG
MARKET OVERVIEW
The chart exhibits a strong V-shaped recovery following a period of consolidation. After testing the support zone around 5,075, a massive bullish engulfing candle has liquidated short positions and reclaimed the short-term moving average. The aggressive buying volume indicates that the bulls have taken full control, eyeing a breakout above the previous local high.
TRADING STRATEGY
DIRECTION: Bullish
ENTRY ZONE: Market price following the current momentum
TARGETS (TP)
TP 1: 5,185.00
TP 2: 5,210.00
TP 3: 5,250.00
PROTECTION (SL)
STOP LOSS: 5,060.00
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