$PAXG /USDT TRADE ANALYSIS – BEARISH MOMENTUM DOMINATING! 📉
📊 Risk-Reward Ratio: 1:2.8 (A Solid Setup for Short-Term Traders!)
📌 Trade Setup
🔹 Entry Zone: $3,030 - $3,048
🎯 Take-Profit (TP) Targets:
TP1: $2,987 (recent 24H low)
TP2: $2,950 (next support level)
TP3: $2,900 (stretch target for bears)
🛑 Stop-Loss (SL): $3,072 (above the recent high for risk management)
Trade Now on Binance!
For Spot Trade: CLICK HERE 👉
$PAXG For Future Trade: CLICK HERE 👇
$PAXG 📊 Trade Analysis
Price Action:
#PAXG has dropped from a high of $3,158 to a low of $2,987, and is now trading at $3,048 after a slight bounce. The price is struggling to reclaim $3,072 (recent high), and a failure to break above this level could lead to further downside toward $2,987 or lower.
MACD Bearish Signal: The MACD shows a bearish crossover (DIF: -3, DEA: -4, MACD: 1), with the histogram in negative territory. This confirms selling pressure and supports the bearish trend, though the narrowing gap suggests momentum may be slowing.
RSI Neutral Zone: RSI at 54 is in neutral territory (between 30 and 70), indicating balanced momentum. This suggests the market could go either way, but the recent downtrend and bearish MACD lean toward further downside unless buying pressure increases.
Volume Analysis: Volume is at 516.215K, slightly above the 5-period MA (451.905K) and 10-period MA (458.279K). The modest increase in volume during the downmove supports the bearish pressure, but a significant spike would be needed to confirm a stronger trend.
Support and Resistance: The $2,987 level (24H low) is the immediate support to watch. If it breaks, the next support lies at $2,950, with $2,900 as a deeper target. Resistance is at $3,072 (recent high), and a break above this would invalidate the bearish setup.
🔥 Final Thoughts
✅ Bearish Outlook: The drop from $3,158, backed by a bearish MACD and steady selling volume, suggests
#PAXG could see more downside. A failure to break above $3,072 could trigger the next leg down toward $2,987 or lower.