Trading Signal Alert: $PAXG /USDT

Overview:

PAXG/USDT has shown significant upward momentum on the 4-hour chart, currently trading at $2,690 (+1.36%). After consolidating around $2,605, the price broke out strongly, reaching a high of $2,755 before stabilizing. The RSI indicates overbought conditions at 95, suggesting a potential pullback or continuation based on market sentiment.

Key Levels:

Support: $2,626

Resistance: $2,755

Signal:

Entry Price: $2,690

Take-Profit Targets:

1. $2,720

2. $2,745

3. $2,775

Stop-Loss: $2,610

Caution: Traders should monitor the RSI closely for signs of reversal or continuation and confirm volume support before entering positions. Overbought levels suggest a possible retracement, so adjust positions accordingly.

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