$PAXG Price: 4,355.52
The chart first made a clear downtrend, falling from around 4,430 โ 4,310.
At 4,310.31, price found strong support and bounced.
Since that low, the candles are making higher lows, which is a positive short-term sign.
Price is now approaching the 4,358โ4,360 resistance zone.
Key levels
Level Importance
4,358โ4,360 Immediate resistance
4,385โ4,390 Next resistance
4,412โ4,420 Major resistance
4,331โ4,335 Immediate support
4,310 Major support / invalidation
๐ข Bullish scenario
If a 15m candle closes convincingly above 4,360, preferably with strong volume, the recovery could continue toward:
4,385 โ 4,412
A breakout followed by a successful retest of 4,355โ4,360 would be a stronger long setup than simply buying the first breakout candle.
๐ด Bearish scenario
If price gets rejected around 4,358โ4,360 and falls back below 4,331, the recovery is weakening.
Then I'd watch:
4,331 โ 4,310
A break below 4,310 would invalidate the current recovery structure and could signal another leg down.
โ ๏ธ Important observation
The order book shown has roughly 56% ask vs 44% bid, so there is somewhat more visible selling liquidity right now. However, order-book percentages can change very quickly and shouldn't be used alone to predict direction.
My short-term bias
Slightly bullish, but not confirmed yet.
The important battle is 4,358โ4,360.
Above 4,360: bullish continuation becomes more likely.
Below 4,331: momentum becomes questionable.
Below 4,310: bullish recovery is invalidated.
I would not chase the current price blindly. The cleaner setups are either a confirmed breakout/retest above 4,360 or a controlled pullback that holds around 4,331โ4,350.
If you're trading this, I can also break it down into exact entry, stop-loss and 2โ3 take-profit levels for a 15m scalp, based only on this chart.not funical advice.
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