BREAKING: $3.23K LONGS LIQUIDATED on $PAXG /USDT at $3,240!
The whales just got burned — are you ready to ride the reversal wave?
Technical Analysis - GOLD on-chain via $PAXG
This liquidation event could be a bull trap or a golden entry. Let’s break it down:
Support Zone (Buy Area):
$3,205 – $3,220 → Strong liquidity pool and historical demand zone
Reason: After the long liquidation, price often tests the support before bouncing
Resistance Zone (Target Levels):
Target 1: $3,265
Target 2: $3,290
Target 3 (Stretch Goal): $3,320
Stop Loss:
Below $3,190 (closing candle 4H)
Keeps risk minimal in case of continued dump
Strategy:
Enter small position near $3,215, add on dip towards $3,205
Risk-to-reward ratio: 1:2.5+ — highly favorable after liquidation shakeout
Caption for Social Media Post (Thrilling & Unique):
"GOLD BLOODBATH or BULL’S REVENGE?
$3,2379 in LONGS just got REKT on $PAXG !
But smart traders know: Where blood flows, gold shines brighter!
Buy Zone: $3,205–$3,220 | Targets: $3,265 / $3,290 / $3,320
SL: $3,190
Watch the comeback story unfold.