PAXG/USDT Technical Analysis & Trade Signal
Current Price: $2,654
24h High: $2,661
24h Low: $2,649
Trend: Neutral to Bullish
Momentum: Slight Bearish (Recent price drop of -0.19%)
Support Level: $2,649
Resistance Level: $2,661
Trade Signal: Buy
Entry: $2,654 (Current Price)
Target Levels:
1. Target 1: $2,661 (24h High, Resistance)
2. Target 2: $2,670 (Potential Short-term Upside)
3. Target 3: $2,680 (Higher resistance area)
Stop Loss: $2,640 (just below support)
Trade Momentum:
Momentum shows slight bearish pressure, but the price is holding near key support levels. A breakout above $2,661 could trigger further bullish momentum. Consider buying with caution, as the market has been somewhat stable, with recent minor fluctuations.
Conclusion: Look for a potential upward movement towards $2,670 or $2,680 if the price breaks above $2,661. Maintain a stop loss at $2,640 to manage risk.
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