šØ $PAXG /USDT: CRUCIAL LEVELS TESTED ā EYE ON ENTRY POINTS! šØ
The $PAXG /USDT chart on the 15-minute timeframe is showing signs of a potential breakout within an ascending channel. Currently trading at 2,759 USDT, the price is holding steady above a crucial support level, while approaching resistance, hinting at upcoming volatility.
š” Critical Levels to Monitor:
ā¢ Key Resistance: 2,769 USDT ā A break above this level could ignite a surge, with bulls likely driving the price higher toward the top of the channel.
ā¢ Primary Support: 2,736 USDT ā Holding this level is vital to sustain upward momentum. A dip below could lead to a downward slide, testing the lower bounds of the channel.
š Entry Strategy:
ā¢ Long Entry: Consider entering above 2,769 USDT if volume supports a breakout, with targets at 2,775 and 2,780 USDT. Stop Loss: 2,755 USDT to protect against a reversal.
ā¢ Short Entry: If the price rejects 2,769 USDT, a short entry around 2,755 USDT could offer opportunities, targeting 2,745 USDT. Stop Loss: 2,770 USDT.
ā ļø Market Momentum Alert ā Watch for breakout or rejection at resistance for clearer direction. Both bullish and bearish scenarios are in play; stay sharp to capitalize on quick moves.
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