$PAXG /USDT Technical Analysis & Trade Signals
Current Price: $2,701 (+0.52%)
Trend Momentum: Neutral to Bullish (Short-term recovery visible)
Support and Resistance Levels
Immediate Support: $2,670
Key Resistance: $2,704
Major Resistance: $2,730
Indicators:
1. Moving Averages (MA):
50 EMA (Bullish Crossover above $2,690)
200 EMA (Strong support around $2,650)
2. Relative Strength Index (RSI): 58 (Neutral, approaching overbought zone)
3. MACD: Positive divergence, indicating bullish momentum.
Trade Signal
Entry Point:
Enter above $2,702 for a breakout trade.
Conservative entry: $2,690 (near support level)
Targets 🎯
1. Target 1: $2,710 (Minor resistance zone)
2. Target 2: $2,720 (Short-term high)
3. Target 3: $2,730 (Major resistance level)
Stop-Loss: $2,660 (Below recent low for risk management)
Trade Momentum
Bullish: If price sustains above $2,704 with volume.
Bearish: If price drops below $2,670, watch for a pullback to $2,650.
Risk Management:
Allocate small capital due to neutral trend; increase only after confirmation of breakout.