$PAXG Technical Analysis
The PAXG/USDT 15m chart shows a sharp vertical drop, slicing through all major EMAs (21, 25, and 99) with high selling volume. The price hit a low of 4,830.31 before a minor bounce. This aggressive sell-off has pushed the MACD deep into bearish territory, with a widening gap between the DIF and DEA lines.
Currently, PAXG is in a "falling knife" scenario. While the immediate panic selling has slowed, the trend remains heavily bearish until a solid base is formed.
Trade Plan
* Entry: $4,850 - $4,880 (Only after consolidation)
* Target 1 (TP): $4,930 (Near EMA 25 resistance)
* Target 2 (TP): $4,970 (EMA 99 level)
* Stop Loss (SL): $4,820 (Below the recent wick low)
Sentiment: Strongly Bearish. Avoid catching the bottom; wait for a bullish reversal candle on the 15m or 1h timeframe before entering.
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