$PAXG /USDT: Premium Gold-backed Trade Setup
1. Entry Point: $2,645 (upon a bullish breakout above resistance).
2. Take Profit Levels:
TP1: $2,660
TP2: $2,680
TP3: $2,700
3. Stop Loss: $2,630
4. Technical Outlook: Consolidation phase near support; potential breakout imminent.
5. Key Support Zone: $2,630, providing a strong bounce level.
6. Indicators: RSI neutral but leaning bullish, MACD signaling a potential upward crossover.
7. Volume Analysis: Slight uptick, suggesting early interest in the current range.
8. Risk Management: Move stop loss to entry after reaching TP1 to secure gains.
9. Market Sentiment: Moderate bullish bias as global gold demand remains strong.
10. Strategy: Short-term gains with potential for mid-term rally continuation.