$PAXG /USDT – BULLISH MOMENTUM BUILDING ABOVE KEY SUPPORT! 🟢💰
📈 Current Price: $3,386.66 (+0.99%)
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🔍 TECHNICAL ANALYSIS
Gold-backed $PAXG is holding firm above its moving averages and showing signs of uptrend continuation as it builds higher lows.
Support Levels:
✅ $3,373 – Minor intraday support
✅ $3,337 – Strong daily support (24h low)
✅ $3,362 – MA(99), acting as dynamic trend base
Resistance Levels:
🚫 $3,393 – Short-term resistance
🚫 $3,428 – 24h high & key breakout zone
🚫 $3,433 – Higher time frame resistance
Moving Averages:
🟢 MA(7): $3,387.16 (Price hugging it)
🟢 MA(25): $3,385.22 (Short-term bullish slope)
🟢 MA(99): $3,362.40 (Trend support base)
MACD is curling upwards 📈 and Bollinger Bands are expanding – bullish volatility expected.
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💼 TRADE SETUP – LONG ENTRY IDEA
🔹 Entry: $3,387 – Current level, or wait for candle close above $3,393
🎯 Take Profit:
1️⃣ TP1: $3,428
2️⃣ TP2: $3,460
🛑 Stop Loss: $3,362 (below MA(99) & structure support)
📊 RISK TO REWARD RATIO: ~1:2+
Trade only on breakout confirmation to avoid fakeouts.
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⚠️ RISK MANAGEMENT
✅ Use 1–2% risk per trade only
✅ Respect stop-loss – do not move it once trade is live
✅ Avoid over-leveraging, especially with gold-backed assets
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PAXG LOOKS READY FOR A GOLDEN RUN! 🌟📊
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