$PAXG /USDT – Bullish Continuation Setup 📈
#PAXG (Pax Gold) is showing strong intraday structure with price consolidating near $5,129 while holding above the $5,120 support zone. The formation of higher lows on lower timeframes (15m–1H) suggests buyers are stepping in on dips, maintaining short-term bullish momentum.
📊 Trade Setup (Long Bias)
Entry Zone: $5,120 – $5,130
Stop Loss: $5,100
TP1: $5,150
TP2: $5,160
TP3: $5,180
🔎 Key Levels
Immediate Support: $5,110 – $5,120
Resistance: $5,150 – $5,160
Psychological Level: $5,180
📈 Technical Outlook
Price compression above support with steady volume suggests accumulation. A clean breakout above $5,150 could accelerate momentum toward $5,180, especially if buyers defend pullbacks into the $5,120 region.
⚠️ Bearish Scenario
If price loses $5,120 and breaks below $5,110, expect a short-term retracement toward $5,088 – $5,078. Rejection at $5,150 without breakout confirmation would also weaken the bullish case.
🧠 Summary
Bias remains bullish while above $5,110
Ideal entries near support for better R:R
Protect capital with strict SL at $5,100
If you’d like, I can generate a clean visual trade chart marking entry, targets, and stop-loss for easier sharing.