Here's a short-term trade setup for $PAXG /USDT based on your data (likely 15m–1h timeframe):
PAXG/USDT Trade Setup (15m–1h)
Current Price: $3,233
24h Range: $3,218 – $3,321
MA60 (15m): $3,240 → currently acting as resistance
Volume: $17.05M USDT — decent liquidity for gold-backed token
Long Setup (Reclaim MA60 / Bounce Play)
Entry: $3,230–$3,235
Confirmation: 15m candle close above $3,240 with rising volume
Target 1: $3,260
Target 2: $3,295–$3,320
Stop-loss: $3,215 (below daily low)
Short Setup (Rejection Play)
Entry: $3,240–$3,245
Confirmation: Rejection candle near MA60 + decreasing momentum
Target 1: $3,220
Target 2: $3,200
Stop-loss: $3,250
Key Observations
PAXG often mirrors gold price action — check gold/XAU charts for confluence.
Range is tight, so breakout trades need clear volume confirmation.
Since it's a stable asset (gold-backed), moves are more controlled — better for range or MA-based scalps than momentum chases.
Would you like this setup on a chart or added to a broader gold-related strategy watchlist?
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