📈 Trade Signal: $PAXG /USDT (Perp)
The chart shows a solid recovery from the 5,180 support level, currently testing a local resistance zone. With a strong 24.21% gain over the last 90 days, the momentum remains bullish on the higher timeframes.
⚡ Trade Details:
Direction: Long 🟢
Entry Range: 5,245.00 – 5,255.00 (Current Market Price is looking for a steady floor here).
Take Profit (TP1): 5,297.00 (Previous 24h High)
Take Profit (TP2): 5,325.00 (Major Resistance)
Stop Loss (SL): 5,215.00 (Below the recent consolidation wick)
🔍 Market Analysis:
Trend: The AVL (Average Line) is sloping upward, suggesting that the bulls are still in control despite the minor rejection at the 5,297 peak.
Sentiment: The Order Book shows a heavy 91.25% short pressure, which often leads to a "Short Squeeze"—pushing the price higher as short sellers are forced to cover their positions.
Risk: Always use appropriate leverage (3x-5x recommended for gold-pegged assets) as the volatility can be sharp.
Note: Trading crypto-commodities involves high risk. Ensure you manage your margin carefully.
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