$PAXG /USDT SHOWING BEARISH CONSOLIDATION – POSSIBLE BREAKDOWN AHEAD ⚠️📉

Gold-backed token $PAXG is currently under pressure after consistent rejections near key resistance. The market shows a bearish structure with lower highs forming and volume declining, suggesting a potential for further downside movement.

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📊 CURRENT PRICE: $3,339.61

🔻 24h Change: -1.37%

📈 24h High / Low: $3,431.60 / $3,329.79

📉 Market Sentiment: Weak bounce, tightening range

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🔍 KEY LEVELS:

🔼 Resistance 1: $3,368 – Near-term cap

🔼 Resistance 2: $3,431 – 24h high / key reversal zone

🔽 Support 1: $3,330 – Immediate price floor

🔽 Support 2: $3,290 – Next major breakdown level

🔽 Support 3: $3,240 – Strong daily support

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🧨 TRADE SETUP – SHORT POSITION IDEA

🔹 Entry Zone: $3,340–$3,355 (on weak retest)

🎯 Targets:

TP1: $3,310

TP2: $3,285

TP3: $3,240

🛑 Stop Loss: $3,390 (above rejection zone)

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⚠️ RISK MANAGEMENT:

➡️ Use 1–2% capital risk per trade

➡️ Stick to SL & TP levels

➡️ Adjust position size according to your capital – never overleverage! 💼📉

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🚨 Watch for breakdown below $3,330 – confirmation of bearish continuation incoming!

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