$PAXG BEARISH SETUP:
The $PAXG pair is showing strong bearish pressure as momentum indicators confirm a downward trend. SAR is positioned above price, signaling continued selling dominance, while the Wm %R at -87.03 reflects oversold conditions but leaves room for further downside. Key support levels lie around 4,923 and 4,843, which could act as targets for short positions. Resistance is observed near 5,143–5,161, likely to cap any minor retracements.
Short Entry: 5,023–5,041
TP Targets: 4,923 / 4,843
SL: 5,162
Risk Management: Keep position size moderate due to potential volatility near support; trail SL if price approaches first TP.
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PAXG
4,933.45
-5.27%