$PAXG /USDT

🟨 PAXG/USDT — Trade Setup

📌 Current Price: $3,386.53

24h Change: +0.68%

24h High / Low: $3,394.95 / $3,358.51

24h Volume:

PAXG: 2,343.87

USDT: $7.91M

Category: Gold-backed (stable-like but gold-linked)

🔑 Key Technical Levels

TypePriceNotesResistance$3,406.76Higher timeframe supplyResistance$3,394.9524h highSupport$3,381.65Minor support, close to marketSupport$3,358.5124h lowSupport$3,343.99Deeper liquidity / wick zone

📉 Trade Scenarios

🔄 Range Reversion

Entry: $3,358–$3,362

Target 1: $3,381

Target 2: $3,394

Stop-Loss: Below $3,340

Gold prices tend to move with low volatility; this is a mean reversion play within its tight daily range.

🔺 Breakout Scalping

Entry: On breakout above $3,395

Target 1: $3,406

Target 2: $3,420 (if momentum supports)

Stop-Loss: Below $3,380

Needs a push above daily high with volume and low spread.

🔻 Breakdown Scenario

Entry: Below $3,358 support break

Target 1: $3,344

Target 2: $3,320

Stop-Loss: Above $3,370

Gold-based assets generally avoid fast drops, so only act on strong bearish confirmation.

🧭 Summary

Low-volatility asset, usually range-bound and safe-haven driven.

Ideal for scalp trading key support/resistance, not high-momentum breakouts.

$3,358 is the must-hold level; losing it opens room to $3,340–$3,320 zone.

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