$PAXG $PAXG

$PAXG /USDT Analysis

Current Price: $2,744

24h High: $2,756

24h Low: $2,737

Key Levels

Resistance Levels:

Primary Resistance: $2,756 (24h High)

Secondary Resistance: $2,789 (recent swing high)

Support Levels:

Primary Support: $2,738 (recent low)

Secondary Support: $2,712 (psychological level)

Trade Setup

Entry (Long):

Ideal Entry: $2,740 – $2,745 (near current support and above MA(7))

Stop-Loss:

Recommended Stop-Loss: $2,730 (below recent support level)

Target:

First Target: $2,756 (primary resistance)

Second Target: $2,789 (secondary resistance)

Summary

This analysis indicates a potential long position near the support level, with a stop-loss placed just below this support to limit risk. The targets are set at the resistance levels, offering a favorable risk-to-reward ratio given the current market conditions. The Moving Averages (MA) suggest potential upward momentum if the price can maintain above the MA(7).

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