$PAXG /USDT BEARISH MOVE IMMINENT! 🚨📉
Gold-backed crypto pair $PAXG/USDT is showing signs of weakness as it struggles to hold above key levels. The current price stands at $3,380, down 0.17% over the last 24 hours. Let's dive into the technicals 🔍
📊 KEY LEVELS:
🔻 Resistance Zones:
$3,418 (24h High 📈)
$3,400 (Minor Resistance)
🛡️ Support Zones:
$3,361 (24h Low ⚠️)
$3,330 (Major Support 🚨)
The price has failed to break and sustain above $3,400, forming lower highs and signaling bearish pressure.
🔥 TRADE SETUP: SHORT POSITION
🔸Entry: $3,380 – $3,390
🎯 Targets (TP):
TP1: $3,361
TP2: $3,330
TP3: $3,300
🛑 Stop Loss (SL): $3,420
The chart is showing a descending pattern on lower timeframes (15m & 1h), suggesting sellers are in control. Volume is fading, further validating the downside move.
⚖️ RISK MANAGEMENT:
✅ Risk no more than 1-2% of your capital.
✅ Stick to SL and don’t chase the price.
✅ Use position sizing to manage risk effectively.
💣 Patience + Discipline = Profit
📉 BEARISH BIAS CONFIRMED – TRADE WISELY! 💼💰
#MarketPullback #CUDISBinanceTGE #TrumpVsMusk #BinanceAlphaAlert #EDGENLiveOnAlpha