$PAXG Analysis:
$PAXG tapped strongly and was rejected from the resistance area at $4,498.3 - $4,516.6. Momentum is showing exhaustion after the rally, printing an upper rejection wick into supply. A clean 1D close below this zone confirms downside continuation.
Open Interest is crowding at $108.34M while funding sits at +0.0046%, pointing to buyer fatigue at resistance and high risk of a rapid corrective flush.
๐ฏ Entry: $4,493.1 (Zone: $4,498.3 - $4,516.6)
๐ Targets: TP1 $3,230.8 | TP2 $2,730.4 | TP3 $2,029.8
๐ Invalidation: 1D candle close above $4,531.8
$PAXG tapped strongly and was rejected from the resistance area at $4,498.3 - $4,516.6. Momentum is showing exhaustion after the rally, printing an upper rejection wick into supply. A clean 1D close below this zone confirms downside continuation.
Open Interest is crowding at $108.34M while funding sits at +0.0046%, pointing to buyer fatigue at resistance and high risk of a rapid corrective flush.
๐ฏ Entry: $4,493.1 (Zone: $4,498.3 - $4,516.6)
๐ Targets: TP1 $3,230.8 | TP2 $2,730.4 | TP3 $2,029.8
๐ Invalidation: 1D candle close above $4,531.8