🚨 $PAXG HEAD AND SHOULDERS LOOKS LIKE A FAKEOUT BEFORE DEEPER RETEST! 📊
Pure price action on $PAXG shows a classic Head and Shoulders structure, but order flow tells a completely different story. 📊 Volume on the right shoulder is actually expanding above the left shoulder, signaling potential fakeout behavior rather than a clean breakdown.
We are likely looking at a 4H relief bounce before the market turns for a secondary leg down. ⚡ If this volume anomaly confirms a bear trap, expect a sweep below 4250 targeting the major bottom near 4200. 🔍 Patience is key while watching how the secondary pullback plays out over the coming days.
💭 Are you fading this relief bounce or waiting to bid the 4200 key level? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #PAXG #Gold #TechnicalAnalysis #BearTrap #Crypto
📉 🦈
Pure price action on $PAXG shows a classic Head and Shoulders structure, but order flow tells a completely different story. 📊 Volume on the right shoulder is actually expanding above the left shoulder, signaling potential fakeout behavior rather than a clean breakdown.
We are likely looking at a 4H relief bounce before the market turns for a secondary leg down. ⚡ If this volume anomaly confirms a bear trap, expect a sweep below 4250 targeting the major bottom near 4200. 🔍 Patience is key while watching how the secondary pullback plays out over the coming days.
💭 Are you fading this relief bounce or waiting to bid the 4200 key level? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #PAXG #Gold #TechnicalAnalysis #BearTrap #Crypto
📉 🦈
