$PAXG (4h): BULLISH DEMAND ZONE SETUP
My bias is bullish on the 4h timeframe, supported by confirmed higher highs and higher lows, aligned with the daily and BTC trends, though weekly remains bearish, so this is a counter-trend move on the weekly.
The setup shows price near a strong demand zone around 4372.16, with a recent fair value gap below that acting as support, and resistance clustered near 4509.48 and 4687.7 above.
Entry zone is between 4372.16 and 4400, ideally waiting for a bullish confirmation such as a strong rejection candle or volume pickup to validate support and reduce risk.
Take-profit targets come first at 4509.48, then 4687.7, with a more ambitious target near 4807.22 if momentum sustains.
Volume is low currently, so waiting for increased participation or a bullish reversal pattern before entry is prudent.
Place protective stops just below 4372.16, as a close below this level flips the structure bearish and invalidates the bullish bias.
My bias is bullish on the 4h timeframe, supported by confirmed higher highs and higher lows, aligned with the daily and BTC trends, though weekly remains bearish, so this is a counter-trend move on the weekly.
The setup shows price near a strong demand zone around 4372.16, with a recent fair value gap below that acting as support, and resistance clustered near 4509.48 and 4687.7 above.
Entry zone is between 4372.16 and 4400, ideally waiting for a bullish confirmation such as a strong rejection candle or volume pickup to validate support and reduce risk.
Take-profit targets come first at 4509.48, then 4687.7, with a more ambitious target near 4807.22 if momentum sustains.
Volume is low currently, so waiting for increased participation or a bullish reversal pattern before entry is prudent.
Place protective stops just below 4372.16, as a close below this level flips the structure bearish and invalidates the bullish bias.
