🔷 $PAXG

/USDT (Perpetual Futures)

Price: $3,316.24

Change (24h): -0.80%

Status: Mild retracement – trading in tight range near key support.

---

📊 Market Overview

Metric Value

24h High $3,346.87

24h Low $3,309.01

Mark Price $3,316.29

24h Vol (PAXG) 8,374.065

24h Vol (USDT) $27.86M

Short-Term Vol 76.76

MA(5) 325.89

MA(10) 465.21

> PAXG is a tokenized gold asset – tends to reflect real-world gold prices with less volatility than most altcoins.

---

📌 Key Technical Levels

Type Price Level Commentary

Resistance $3,346.93 24h high – current rejection point

$3,340.48 Minor order book resistance

Current $3,316.24 Spot price – near daily mean

Support $3,309.01 24h low – short-term support

$3,307.11 Extended depth support (sweep line)

---

📈 Trade Scenarios

✅ Breakout Play (Gold Correlation Strategy)

Entry: $3,345 breakout

TP1: $3,365

TP2: $3,400

SL: $3,320

Use macro cues like gold futures (XAU/USD) for confluence.

---

🔻 Mean Reversion Short

Entry: Rejection at $3,340–$3,345

TP: $3,310

SL: $3,350

Volatility is low — ideal for short scalps if trend is flat.

---

📌 Summary

Indicator Status

Trend (Short) Sideways / Slightly Bearish

Volatility Low

Volume Decreasing

Gold Correlation Yes – watch XAU/USD levels

Risk Level Low (for swing), Medium (for leverage trades)

---

🔍 Notable Insight: PAXG usually reflects gold spot price trends. If gold breaks out above $2,400 (XAU/USD), expect PAXG to follow. This pair is best for hedging or low-volatility strategies, not aggressive momentum trading.

Let me know if you want to compare it with other gold or commodity-backed tokens, or need long/short setups based on macro trends.

#PAXG #TrumpTariffs #Binance #OneBigBeautifulBill #Write2Earn