$PAXG
PAXGUSDT
Perp
4,286.04
-1.50%
BEARISH PRESSURE BUILDING – DOWNTREND LIKELY TO CONTINUE
$PAXG is showing early signs of bearish pressure after failing to sustain above the immediate resistance near 4,360. The formation of lower highs and weak support around 4,311 indicates a potential continuation of the downward movement. Sellers are likely to dominate in the near term, testing multiple support levels.
Trade Setup:
Entry: Below 4,320 for confirmation of bearish momentum
Targets (TP):
TP1: 4,300
TP2: 4,280
TP3: 4,270
Stop Loss (SL): 4,370
Risk Management:
Risk per trade should be limited to 2% of capital. Monitor for reversal patterns near strong support zones and avoid adding to positions during high volatility spikes.
