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$PAXG bullish vibe overall, but it's kinda hanging out and consolidating near some key resistance levels. Not super surprising given the recent moves. Wrapping it up, I'd call this cautiously bullish with room for a breakout.
On the volume side, those last few 1-hour candles are telling: volume's dipped quite a bit during this sideways action. To me, that feels like the market's catching its breath, maybe gearing up for a breakout if things align.
Capital flows are looking solid too – over the past 24 hours, we've got a nice net inflow on contracts (+2,640,307) and spots (+212,644), which really backs up the bullish mood. Though, in the super short term (last 5 minutes), there's been a bit of outflow (-318,402.59), probably just some quick profit-taking.
Entries longs
$PAXG :
- For the aggressive types: Grab it around the current price of 4407, but keep a tight stop-loss.
- More conservative? Hang back for a dip to that 4380-4390 range (where MA5 support kicks in) or wait for a clean break above Resistance level at 4417, ideally with volume picking up to confirm.
I'd set a stop-loss about 3% below your entry (around ~4275 USDT)
Targets-wise
$PAXG : Aim for Resistance zone at 4432 first, then next resistance at 4461, and if it really runs, that 4480-4500 area could be in play
RSI and KDJ are screaming overbought, so don't expect endless upside without some more consolidation. That said, the MAs are lined up nicely, MACD's still positive, and those inflows keep the momentum going toward resistance. If we close below S1 (4373), though, I'd bail on the bull case entirely. Anyone seeing the same setup?
#PAXG #PAXGUSDT #PAXGold