The 4H chart for $PAXG shows a massive sell-off, dropping over 1.35% in the last sessions. We are currently trading below all major EMAs, with the EMA(7) at 4,478 acting as a strong overhead resistance. 📉📊
However, look at the order book: 62.31% Demand! Buyers are starting to stack orders near the 4,335 support zone. This huge imbalance suggests that a "relief rally" could be triggered if the $4,400 psychological level holds. 🐂✨
Trading Strategy:
Watch for a 4H candle close above 4,460 for a potential long entry. If we break below 4,335, the correction will deepen. Are you buying this "Golden Dip" or waiting for a clearer reversal? 👇💰