The chart shows PAXGUSDT (tokenized gold) in a clear downtrend on the daily/4H timeframe: price broke below the MA7 (~4,876) and MA25 (~4,965), with the last candles forming lower highs/lows after rejecting near 4,900–5,000.
Short/Sell strategy (higher probability right now):
Enter short below 4,880 (current level or on retest of broken support as resistance) → target 4,807–4,850 zone (recent low + visible demand area) → stop-loss above 4,900 (to invalidate if bulls reclaim MA crossover).
Long/Buy strategy (counter-trend, lower probability until reversal):
Enter long only on strong rejection + close above 4,900–4,910 (regain MA7/25) with volume spike → target 4,950–5,000 (previous structure) → stop-loss below 4,880 (tight risk to avoid continuation lower).
Overall bias leans bearish short-term due to momentum and -4.14% daily move; watch gold spot for confirmation. Trade small, use proper risk (1–2%).
#CryptoTrading #XAU #PAXG #Gold #PAXGUSDT
