$PAXG /USDT – BEARISH BREAKDOWN AHEAD! 📉💥

🔍 Technical Analysis

The gold-backed crypto, $PAXG , is showing signs of weakness as it fails to hold recent support levels. The price is currently hovering at $3,354.79, down 0.69% over the last 24 hours.

📊 Key Levels:

Support:

🟥 $3,346 – Immediate support

🟥 $3,336 – Stronger demand zone (watch for bounce or break)

Resistance:

🟩 $3,370 – Intraday resistance

🟩 $3,390 – $3,400 – Key short-term supply zone

🔻 The price failed to maintain above $3,370, forming a lower high, suggesting bearish momentum may continue. Volume is strong on red candles, indicating seller control.

🧨 TRADE SETUP – SHORT POSITION

Entry: Around $3,355 – $3,360

Take Profit Targets:

🎯 TP1: $3,336

🎯 TP2: $3,320

Stop Loss: $3,370 above resistance

⚠️ Risk Management Tip:

Only risk 1-2% of your total capital. Use tight SL and adjust position size accordingly. Always protect your downside. 🛡️

📉 Bearish sentiment continues unless price breaks above $3,400 with volume. Stay sharp! #NEWTBinanceHODLer #NEWTBinanceHODLer #BinanceAlphaAlert #IsraelIranConflict #Write2Earn $PAXG