$PAXG 📊 PAXG/USDT – 4H Chart Analysis
PAXG faced a strong rejection near 5,650 and has been in a corrective downtrend since. Price recently bounced from the 4,754 support zone, showing short-term stabilization.
🔹 Trend: Short-term bearish, attempting a base
🔹 Price: ~4,865
🔹 MA Status:
• Price below MA25 & MA99 → overall pressure
• Minor consolidation above recent lows
🔹 Support:
• 4,750 – key demand zone
• 4,800 – intraday support
🔹 Resistance:
• 4,950 – first hurdle
• 5,100 – major resistance
📉 Volume is declining → selling pressure is weakening, but no strong bullish confirmation yet.
📌 Bias:
• Conservative traders: wait for a break & close above 4,950
• Aggressive traders: scalp plays near support with tight SL
⚠️ Trend reversal only confirmed above 5,100.
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