🚨 $PAXG / USDT — Bearish Continuation Setup
$PAXG is showing clear rejection after a breakdown retest, signaling ongoing downside risk. Price failed to reclaim $5,000 and is printing lower highs on the 1H chart, confirming sellers are still in control.
Trade Plan (Short / Sell)
🟥 Entry Zone: $4,980 – $5,020
🛑 Stop Loss: $5,120 (above recent resistance)
🎯 TP1: $4,900 — first support zone
🎯 TP2: $4,820 — mid-range liquidity
🎯 TP3: $4,700 — deeper breakdown extension
Why this setup:
✅ Strong bearish impulse from $5,080
✅ Lower highs forming after breakdown
✅ Continuation favored while below $5,120 resistance
✅ Risk/reward clearly defined with multiple targets
⚡ Pro Tips:
•Watch price action near $4,900 for partial exits
•Only enter if structure confirms rejection at resistance
•Manage position size carefully — continuation could be fast
#PAXG #CryptoTrading #Short #Momentum 📉
