PAXGUSDT
The Price is testing the 3600 resistance zone with clear overbought signals and currently approaching its all-time high with overbought indicators.
PAXGUSDT.P It is also close to completing a Double Top pattern if the price touches the previous high at 3,600 and closes the day below it , this signals a strong possibility of a downside move
A correction could begin from the strong resistance zone at the previous peak of 3,600.
Position Type : Sell (Short-Term Correction)
https://postimg.cc/Js9Pd6Bd
Entry Zone: If the price rises again and touches the sell zone, enter at a price between 3,590 and 3,600.
Targets:
TP1: 3550
TP2: 3525
Stop Loss (SL) : 3,640 if Daily close above this level
Note:
If the price drops first and hits the second target (3525) before reaching the entry zone , this opportunity is invalid.
This opportunity is not financial advice — it reflects only my personal opinion.
PLEASE always do your own research before trading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.