$PAXG /USDT – Consolidation Before Breakout
PAXG/USDT is currently trading in a tight consolidation range around $3,406 after a strong intraday rally. The market is showing signs of accumulation just below the 24h high of $3,430, suggesting a possible breakout if gold strength continues.
Entry Price: 3,406
Target 1: 3,420
Target 2: 3,445
Target 3: 3,470
Stop Loss: 3,392
Risk Management:
Use conservative position sizing, especially with a low-volatility asset like PAXG. Set your stop slightly below the key 15m support to avoid whipsaw moves. Break-even your trade if Target 1 hits.
Pro Tip for Followers:
Track gold (XAU/USD) movement alongside PAXG. If gold breaks new highs, PAXG will likely follow—ride the trend with patience and precision.