Analysis and Signal for $PAXG /USDT on Binance
Analysis:
Current Price: $2,601 (-2.03%)
24h Range: $2,597 - $2,661
Price has broken below support at $2,617 and tested the $2,597 low, showing bearish momentum.
Immediate resistance is at $2,617, while further support sits at $2,590.
Trading Signal:
Entry Point: $2,601
Target (TP1): $2,617
Target (TP2): $2,640
Stop Loss (SL): $2,590
Strategy:
Look for a rebound from $2,597 toward $2,617 (TP1).
If price sustains upward momentum, aim for $2,640 (TP2).
Stop Loss at $2,590 is critical to protect against further declines.
Disclaimer: Apply proper risk management and monitor closely for confirmation.