SHORT #PAXGUSDT from $3,300 stop loss $3,376
4h TF. After updating the structural maximum, the coin is in a range. There was an attempt to exit the correction, but at the level of 3376 it encountered resistance from the mirror level and formed three support points.
Local manipulations are observed in the sales interest zone. There have been repeated false breakouts of the sloped line with a return. This may indicate the accumulation of short positions by large market participants.
A trend support has also been formed. If the level of 3274 is broken with a consolidation, aggressive decline may occur.
In this case, liquidity will be removed from the cascade of levels and the interest zone for buying will be tested. Set the stop according to your chosen strategy and your risk management.
Targets: 3207, 3170, 3141, 3035.