🔻 $PAXG /USDT – Bearish Rejection at Key Resistance! 🛑
Gold-backed token $PAXG is facing stiff rejection near $3,345, following multiple failed breakout attempts. A strong bearish candle on the 30-min chart signals seller dominance, with downside momentum picking up fast. Price now looks poised for a clean breakdown.
📉 Premium SHORT Trade Setup
• Entry Zone: $3,342 – $3,345
• Take Profit 1: $3,336 – Minor intraday support
• Take Profit 2: $3,331 – Liquidity pocket zone
• Take Profit 3: $3,330 – Extended move toward range bottom
• Stop Loss: $3,349 – Just above resistance wick
🧠 Strategy Insight:
PAXG’s current structure shows classic rejection from resistance with a lower high formation. If it fails to reclaim $3,345 quickly, expect sellers to press price toward the $3,330 zone. Ideal for short-term momentum traders.
📌 Watch for confirmation below $3,340 for clean momentum. Bears have the edge — let the breakdown play out.
Let me know if you'd like a follow-up long setup if price flips!