$PAXG has just closed a strong long position worth $7.6346K, shaking out weak hands around $4454.25. This type of movement usually occurs when the price tests an important support zone and forces overleveraged bulls to exit. After this liquidation, the market often rebuilds the structure for a new bounce.
Entry Point (EP):
Buy zone between $4400 – $4440 after the confirmation of a bullish candle.
Targets (TP):
TP1: $4520
TP2: $4605
TP3: $4720
Stop Loss (SL):
Below $4340 on a strong close.
$PAXG
{spot}(PAXGUSDT)