📉 $PAXG /USDT (Perpetual Futures) Market Snapshot
Here's a quick technical overview and trading insight for PAXGUSDT (tethered to gold):
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🟡 Price Overview
Last Price: $3,343.27
Mark Price: $3,343.26
24h Change: -1.33% 🔻
24h High / Low: $3,412.60 / $3,338.79
24h Volume:
PAXG: 43,293.82
USDT: $146.39M
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📊 Technical Indicators
MA(5): 1,283.97
MA(10): 1,433.09
> Note: These appear to be volume moving averages.
🔼 Resistance Levels:
Immediate: $3,356.98
Next: $3,380.53
Major: $3,412.60 (24h high)
🔽 Support Levels:
Immediate: $3,338.79
Next: $3,333.43
Key Zone: $3,320–$3,300
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🔍 Price Action Insight
Current price is near 24h low, showing weakness short-term.
Pullback from high of $3,412 signals possible retracement/consolidation.
Low volatility intraday range indicates range-bound trading — could be ideal for scalping.
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✅ Trade Setup
📉 Short Bias (Intraday Rejection Play):
Entry: $3,355–$3,365
Stop-Loss: Above $3,380
Target 1: $3,330
Target 2: $3,300
📈 Long Bias (Support Bounce):
Entry: $3,330–$3,335
Stop-Loss: Below $3,310
Target 1: $3,355
Target 2: $3,380+
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⚠️ Key Notes
Gold-backed token = strong correlation to XAU/USD and macroeconomic news (e.g., inflation data, Fed meetings).
If BTC is ranging or weak and gold strengthens, PAXG could act as a defensive hedge.
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Would you like a scalp chart setup, swing trade outlook, or comparison with gold (XAU/USD)?
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