$PAXG /USDT BEARISH BREAKDOWN IMMINENT – SHORT SETUP IN PLAY
The
$PAXG /USDT pair is showing clear signs of a bearish reversal after failing to sustain the recent highs near $4,401.66, followed by consistent lower highs and a breakdown through key support zones.
📉 TECHNICAL ANALYSIS:
Price Rejection at 4,401.66 signals strong overhead resistance.
Bearish Engulfing Pattern observed on the 4H timeframe.
MACD trending below signal line with increasing bearish histogram bars.
EMA Crossover hints at growing downward momentum.
Volume Divergence indicates weakening buying pressure despite previous upward spikes.
⚠️ Price has broken down through the EMA & BOLL median, and is currently consolidating below the 4,164.74 pivot zone – a key sign of continuation to the downside.
🎯 TRADE SETUP: SHORT ENTRY
Entry Zone: 4,160 – 4,200
Take Profit (TP1): 4,045
Take Profit (TP2): 3,980
Stop Loss (SL): 4,265
💡 Risk Management: Use 1-2% of capital per trade. Stick to SL, avoid overleveraging, and adjust position size based on account equity.
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