📊 $PAXG /USDT – Gold-Backed Token Showing Bullish Strength! 🟢

$PAXG has shown a strong technical breakout on the 4H chart, surging from $3,316 to a sharp high of $3,600 before stabilizing around $3,486. With price action firmly above all major moving averages (MA-7, MA-25, MA-99), the short-term trend remains bullish.

🔍 Technical Highlights:

• MA Alignment: Price is holding above MA(7) = $3,470 and MA(25) = $3,420, confirming short-term momentum.

• Volume Spike: Strong bullish volume on breakout candle — indicates institutional activity or whale interest.

• Support Zone: $3,420 – $3,470 acting as key support.

• Resistance: Recent high at $3,600 is short-term resistance.

🎯 Trading Plan:

🔸 Short-Term Trade Setup

• Entry: $3,470 – $3,490

• TP1: $3,520

• TP2: $3,570

• TP3: $3,600

• SL: $3,435

🔸 Swing Trade Setup

• Entry Zone: $3,420 – $3,450 (on dip retest)

• TP1: $3,570

• TP2: $3,650

• TP3: $3,720

• SL: $3,390

📌 Note: PAXG follows gold price movement. This breakout aligns with rising gold demand. Monitor macroeconomic factors like inflation, interest rate expectations, and geopolitical tension.

⚠️ Risk Management is Key – Always use Stop-Loss!

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