$PAXG breached the 24-hour low: current price 4036.89, previous low 4051.06.
After the breakdown, watch two things:
Will the previous low of 4051.06 turn from support into resistance (if price rebounds but can’t reclaim it)?
Did trading volume increase on the break? A low-volume breakdown could just be a bear trap.
Where do you think the key dividing line is?
#PAXG
Just my personal opinion, not investment advice.
After the breakdown, watch two things:
Will the previous low of 4051.06 turn from support into resistance (if price rebounds but can’t reclaim it)?
Did trading volume increase on the break? A low-volume breakdown could just be a bear trap.
Where do you think the key dividing line is?
#PAXG
Just my personal opinion, not investment advice.
