$PAXG /USDT Trading Signal - Consolidation with Breakout Potential?
Entry Zone: $2,641 – $2,651
Targets:
Target 1: $2,660
Target 2: $2,670
Stop Loss: $2,630
Observation:
PAXG is trading within a tight consolidation zone, with a recent low of $2,641 acting as strong support. A breakout above $2,660 could signal further bullish momentum toward $2,670. However, a breakdown below $2,641 may trigger additional downside pressure.
Strategy:
Enter near the support zone to maximize potential gains with minimal downside risk.
Lock in partial profits at $2,660 and aim for $2,670 with the remaining position.
Watch for volume spikes as confirmation of a breakout.
Risk Note: Range-bound conditions could lead to false breakouts. Maintain a disciplined stop-loss to protect capital.
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